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July 02, 2015 3:05 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Z Energy Limited

Company Overview

Z Energy Limited markets and sells fuels in New Zealand. The company supplies fuel to retail and commercial customers, such as airlines, trucking companies, mines, shipping companies, and vehicle fleet operators. It also provides bitumen to roading contractors; manufactures ingredients used in detergents and other household products; and offers Z card services for businesses to buy fuels. In addition, the company operates services stations with Z Shop, which offers food, drinks, and grocery products, as well as owns mini tankers, an on-site diesel refueling, and lubricant supply operation. It owns and manages approximately 200 service stations; 90 truck stops; and pipelines, terminals, and b...

3 Queens Wharf

Wellington,  6011

New Zealand

266 Employees

Phone:

0800 474 355

Key Executives for Z Energy Limited

Z Energy Limited does not have any Key Executives recorded.

Z Energy Limited Key Developments

Z Energy Limited - Shareholder/Analyst Call

Z Energy Limited - Shareholder/Analyst Call

Z Energy May Divest Assets To Improve Competition In Market

The planned acquisition of Caltex operator Chevron NZ could impact competition in the fuel market and Z Energy Limited (NZSE:ZEL) has indicated that it may divest assets included in the acquisition if the commission requires that, which could improve competition in some regions. Dave Bodger, general manager of the Gull service station chain, says he expects the Commerce Commission to conduct a thorough assessment of the deal. Z Energy will have 49% share of the fuel market if the $785 million sale, which requires the competition regulator"s approval, goes ahead.

Chevron Reportedly To Sell Caltex Assets; Z Energy Interested

Chevron Corporation (NYSE:CVX) is understood to be selling its Caltex New Zealand service station assets after the sale of its stake in the Marsden Point refinery. Z Energy Limited (NZSE:ZEL) is also believed to be interested in acquiring the assets. Chevron spokesman said the company did not comment on speculation while Z Energy's spokesman, Jonathan Hill, said the rumors were "nothing new", particularly given Chevron's recent exit from Caltex Australia, The New Zealand Herald added.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 2, 2015
Chevron New Zealand
 

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