Commerce Commission clears OMV AG to buy Royal Dutch Shell's NZ assets

Thu, 09 Aug 2018

By Rebecca Howard Aug. 10 (BusinessDesk) - The Commerce Commission has given Austrian oil and gas producer OMV AG clearance to buy Royal Dutch Shell’s gas and liquids assets in New Zealand. In March, Royal Dutch Shell announced plans to sell its remaining New Zealand business to OMV AG for US$578 million, as part of a US$30 billion international divestment programme. It had already sold its distribution and petrol station assets in 2010 to the company that today is Z Energy, and its 60-year-old Kapuni onshore oil and gas field to its join...

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