New Zealand Superannuation Fund Seeks to Reduce Z Energy Stake
Posted on 09/29/2015
In 2010, the New Zealand Superannuation Fund (NZSF), partnered with Infratil Limited to acquire Z Energy, then the downstream assets of Shell New Zealand. The initial purchase was for a 50% share in the business. By 2013, NZSF reduced its position by 20% through listing Z Energy on the New Zealand and Australian stock markets. […]
