Vector agrees to sell LPG assets for $150m

The conditional deal is expected to through by late 2024, early 2025. (Image: NZME)

Fri, 26 Jul 2024

Vector has conditionally agreed to sell its liquified petroleum gas business, Vector Ongas, and its 60.25% shareholding in Liquigas Limited for $150 million.It did not immediately name the buyer. “Vector has grown Ongas over the years, and the timing is right to sell it now. A process was run, which led to an offer for Vector Ongas and the Liquigas shareholding,” Vector's chief executive, Simon Mackenzie, said.“This will enable us to concentrate on leading the energy transition through our networks and technology solu...

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