Z Energy may review current interim distribution policy

Mon, 23 Jan 2017

By Rebecca Howard Jan. 24 (BusinessDesk) - Z Energy may review its interim distribution policy after reducing debt levels ahead of schedule following its acquisition of Chevron New Zealand's Caltex and Challenge! brands. The company expects to be close to its target range of 2 times net debt to replacement cost operating earnings before interest, tax, depreciation, amortisation and fair value adjustments (ebitdaf) by the end of the 2018 financial year with anticipated deleveraging in FY18 from operating earnings and divestment proceeds, i...

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