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...

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