NZ Super Fund, Infratil pull $50 mln special dividend from Z Energy ahead of float

Fri, 05 Jul 2013

July 5 (BusinessDesk) - The New Zealand Superannuation Fund and Infratil have pulled out a $50 million dividend from petrol station chain Z Energy, which expects 2014 earnings to rise by as much as 10 percent. In a statement by Infratil after the close of trading, the service station chain’s shareholders took a special dividend on June 25, which has been taken into account in Z Energy’s forecast earnings before interest, tax, depreciation and amortisation of between $195 million and $215 million in the year ended March 31, 2014, from $295 mi...

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