Z shares rise on increasing confidence Chevron deal will proceed
Getting Commerce Commission approval had been seen as the biggest obstacle to Z realising its plans.
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Z Energy’s [NZX: ZEL] shares jumped 2.5% yesterday, taking their gains this month to more than 15%, after the Commerce Commission released the company’s cross-submission answering critics of its proposed $785 million purchase of the Chevron assets.
The shares rose 16c to $6.65 yesterday.
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Jenny Ruth
Tue, 29 Sep 2015
Tue, 29 Sep 2015
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Z shares rise on increasing confidence Chevron deal will proceed
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