$2 billion sale of Z Energy cleared by Commerce Commission

Forums › Transport (cars, bikes and boats) › $2 billion sale of Z Energy cleared by Commerce Commission

JaseNZ

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#295261 16-Mar-2022 22:05

Bye Bye.

https://www.stuff.co.nz/business/128066204/2-billion-sale-of-z-energy-cleared-by-commerce-commission

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Wakrak

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#2887421 16-Mar-2022 22:07

Link not working for me.

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huckster

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#2887424 16-Mar-2022 22:10

This one?

JaseNZ

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#2887429 16-Mar-2022 22:22

Yup sorry my stuff up, Link has been updated.

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nztim

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#2887438 16-Mar-2022 23:20

So much for “Z is for New Zealand” when they changed from Shell

Maybe the Z should change to A for aussie

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Goosey

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#2887454 17-Mar-2022 06:43

Lots of comments "hating" this.

Everyone needs to remember the NZ Super fund only acquired this business about 12ish years ago and before then nobody was moaning about it not owning a petrol retailer.

Given the impact of competition (smaller players grabbing more and more of the market plus the rise of EV), and thus volumes declining (as well as the wholesale due to Marsden shutdown that Z was a shareholder in).......it makes sense the NZ Superfund want to sell out before the market gets worse.

Nothing is now stopping NZ Superfund re-investing its funds in the listed companies of better performing petro retailers now...

SaltyNZ

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#2887466 17-Mar-2022 07:52

Goosey:

Nothing is now stopping NZ Superfund re-investing its funds in the listed companies of better performing petro retailers now...

Or, in companies that are not petro-related. I've been buying some shares in Tritium, for example. ChargeNet's chargers are mostly (all?) Tritiums, and Shell is using them for the rollout of their global EV charger network too.

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