Third quarter listing mooted for Z Energy

Thu, 07 Mar 2013

March 8 (BusinessDesk) - Three years after taking over Shell New Zealand's petrol refining, transport and retail operations, Infratil and the New Zealand Superannuation Fund are looking to float between 40 percent and 60 percent of Z Energy on the NZX in the third quarter of this year. The announcement comes at the start of an Infratil investors' day, and reflects in part the national pension fund manager's desire to down-weight on Z, with its 50 percent of the company now representing 2.4 percent of the total fund. Z is one of the "big two"...

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