Z confident in $30mn savings from Chevron acquisition

Wed, 25 May 2016

By Sophie Boot May 25 (BusinessDesk) - Z Energy is confident of the savings it can make from the $785 million acquisition of Chevron New Zealand's Caltex and Challenge! petrol station chains, which it predicts will be up to $30 million. In a statement, Z said it was confident in its previous guidance of between $25 and $30 million in savings once the companies are integrated. The company will update the market in the last week of every month until October as it works to smooth the acquisition, but said that until settlement occurs Ch...

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