Infratil Consortium Expects To Purchase Shell New Zealand Downstream Assets
01 Mars 2010 - 6:16AM
Dow Jones News
Infratil said Monday it expects a consortium it leads to
complete the purchase Shell New Zealand's downstream assets on
March 31.
The consortium, which includes the New Zealand Superannuation
Fund, still has to obtain a number of third-party consents and
approvals, but these are in the final stages of being negotiated
and secured, it said in its monthly operational report.
"Documentation of the planned acquisition of Shell New Zealand's
sales and distribution business is at an advanced stage," it
said.
The Infratil-led consortium entered into exclusive talks with
Shell in November 2009.
Lucy Craymer, Dow Jones Newswires; 64-4-471-5990;
lucy.craymer@dowjones.com
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