Chevron NZ injects $14.3 mln to fully-fund wind-up of Caltex pension scheme

Fri, 20 May 2016

By Paul McBeth May 20 (BusinessDesk) - Chevron New Zealand, which is selling its local service station chain to Z Energy, injected $14.3 million into its Caltex pension scheme which was wound up earlier this year. The Auckland-based subsidiary of the global oil company is quitting its New Zealand downstream businesses, selling the Caltex and Challenge! service station brands to Z for $785 million and exiting its 11 percent stake in New Zealand Refining. Chevron NZ's 2015 annual report, published today on the Companies Office, shows the o...

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