NZ Super Fund 'happy' with Z Energy stake as shares hit record high

Thu, 05 May 2016

By Tina Morrison May 5 (BusinessDesk) - The New Zealand Superannuation Fund said it is happy to remain a holder of shares in Z Energy, which reached a record high today, after Australian media reports suggesting it planned to sell its 10 percent stake in the fuel retailer. The Australian Financial Review's 'Street Talk' column this week reported that brokers were pitching to sell the Super Fund's stake in Z Energy after the Commerce Commission last week approved Z's bid to buy the rival Caltex and Challenge! petrol station chains. Howe...

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