By Rebecca Howard 
 

WELLINGTON--Transport energy company Z Energy is preparing for a potential listing on the New Zealand stock exchange, Infratil Ltd. (IFT.NZ) and the New Zealand Superannuation fund said Friday.

Z Energy was purchased by Infratil and the Fund from Royal Dutch Shell PLC (RDSA.LN, RDSA, RDSB.LN, RDSB) in April 2010, with each party taking a 50% share.

"While no firm decisions have been made, and any listing will depend on market conditions at the time, we have asked Z Energy to work towards a possible listing of 40%-60% of the company in the third quarter of 2013," the parties said in a joint statement.

While no final decisions have been made both said they would likely retain stakes in the company of between 20% and 30% each.

Write to Rebecca Howard at rebecca.howard@wsj.com

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