Z Energy has up to 10 or 12 bidders for the 20 stations it has to divest
Z Energy chief executive Mike Bennetts indicated demand for the petrol stations it has to divest is strong and that the company will favour asset swaps over outright sales. With special feature audio.
Jenny Ruth Mon, 04 Jul 2016
Z Energy [NZX: ZEL] has 10 or 12 bidders for some of the petrol stations it has to divest as a condition of its $785 million dollar purchase of the Chevron assets.
The Commerce Commission has ordered Z to divest 19 petrol stations across New Zealand as well as a truck stop.
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