Canadian philanthropist Gardiner's NZ Refining stake split eight ways

Tue, 09 Sep 2014

By Suze Metherell Sept. 10 (BusinessDesk) - The estate of late Canadian philanthropist George Ryerson Gardiner has divided up its stake in New Zealand Refining Co as an inheritance. The Gardiner estate divided the 8.1 percent stake in New Zealand's only oil refiner evenly eight ways, according to a substantial shareholder notice to the NZX. NZ Refining's major customers BP New Zealand, Mobil Oil NZ, Z Energy and Chevron New Zealand control the refinery. Gardiner, a former president of the Toronto stock exchange, died in 1997. His estat...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

The Economist
The great Silicon Valley shake-out
The Economist | Sat, 02 Jul 2022

We look at the world’s startups and identify the safe, the uneasy and the doomed.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.