Z Energy identifies $10-$15 mln additional synergy benefits from Caltex integration

Tue, 18 Oct 2016

By Jonathan Underhill Oct. 19 (BusinessDesk) - Z Energy said it has identified $10 million to $15 million of additional savings from the integration of the Caltex and Z businesses, while the sale of an Auckland retail site for $23 million will be used to repay debt. The Wellington-based service station operator gave the updates as part of a presentation it hosted for institutional investors. The additional synergy benefits bring the total to be achieved in the 2018 year to between $40 million and $45 million, it said. The transport fu...

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