Mobil says Z purchase of Caltex chain concentrates loyalty schemes

Thu, 27 Aug 2015

By Joshua Riddiford Aug. 27 (BusinessDesk) - Mobil Oil New Zealand says Z Energy’s acquisition of the rival Caltex and Challenge! service station chains would concentrate fuel discount arrangements within a single market player and undermine competition in the market. If the deal goes ahead, Z would have agreements with three of the four loyalty programmes - Countdown fuel discounts, Flybuys and AA smartfuel –giving the merged entity an unfair advantage over its rivals, Mobil said in a submission to the Commerce Commission, which is consi...

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