Z Energy to Buy Chevron's New Zealand Filling Stations -Report
01 Juni 2015 - 5:28AM
Dow Jones News
Z Energy Ltd. (ZEL.NZ. ZNZ.AU) is poised to acquire Chevron
Corp.'s (CVX) New Zealand filling station network for 800 million
New Zealand dollars (US$567 million), according to a report Monday
in the Australian Financial Review.
The deal will involve Z Energy launching a NZ$150 million
capital raising, the newspaper reported, without citing sources. A
spokesperson for Chevron wasn't immediately available to comment on
the report.
Z Energy's shares were placed in a trading halt Monday.
Newspaper website: http://www.afr.com
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