What to expect from the ComCom decision on Z's $785m Chevron purchase
The market is convinced the Commerce Commission will approve the deal but the key unknown is how much, if anything, Z will be forced to divest to get the deal over the line.
Nearly 11 months after the deal was first announced, the Commerce Commission will announce its decision tomorrow whether to allow Z Energy’s [NZX: ZEL] $785 million purchase of Chevron’s New Zealand assets.
The market pricing of Z shares suggests supreme confidence the deal will get the green
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Jenny Ruth
Thu, 28 Apr 2016
Thu, 28 Apr 2016
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What to expect from the ComCom decision on Z's $785m Chevron purchase
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