Z sees greater benefits from Chevron acquisition, affirms annual guidance

Tue, 22 Sep 2015

By Paul McBeth Sept. 23 (BusinessDesk) - Z Energy, the service station chain, expects greater benefits than previously forecast from its proposed acquisition of Chevron New Zealand's service stations and says it is running on schedule to integrate the business if it gets approval from the antitrust regulator. Separately, Z affirmed its annual guidance. Wellington-based Z sees annual savings of between $25 million and $30 million from acquiring the Chevron assets, up from earlier estimates of $15 million to $25 million, it said in a statem...

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