Regulator pushes out Z's bid to buy Chevron assets to end of April

Thu, 17 Dec 2015

By Paul McBeth Dec. 18 (BusinessDesk) - The Commerce Commission has delayed its decision on whether to approve Z Energy's application to buy Chevron New Zealand's service station chains until the end of April, adding about $10 million to the cost of the acquisition. The regulator yesterday said it has delayed its decision until April 29, pushing out the timeline which would have seen an announcement today. The commission had previously flagged an extension was possible given the complexity of the merger, while Z has said any delays past...

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