Assets Z Energy

1 assets

1.1 new zealand oil services limited
1.2 new zealand refining company
1.3 chevron new zealand
1.4 loyalty new zealand limited

assets

z energy holds 3 wholly owned subsidiaries, harbour city properties investments limited property investments , holdings z energy espp trustee limited , z energy lti trustee limited trustee purposes.

z energy supplies 210 branded service stations , commercial, aviation, marine, chemical , bitumen clients. company manufactures surfactant chemicals operates coastal oil tankers, tank farm terminals , mobile refueller.

new zealand oil services limited

z energy acquired stake in joint venture established in march 1999 mobil, bp oil, , shell nz. mobil left partnership in 2000. z energy , bp hold 50% stake each.

the new zealand refining company

z considered have significant influence on investment in new zealand refining company (refining nz) due fact has representation on board of directors , therefore has equity accounted investment. based on closing share price of $2.60 fair value of group’s investment in refining nz $125m (2014: $1.75, $84m). z s holding in refining nz 15%.

chevron new zealand

in april 2015, z energy released statement on intent buy chevron new zealand subsidiary caltex. acquisition carried out on 2nd of june 2015 @ cost of nz$785 million , approved oversees investments office (oio) after. z chief executive mike bennetts claims z energy , caltex caltex subsidiary challenge! continue under own respective banners caltex , challenge! trusted brands in new zealand. acquisition boosts z energy s market share in new zealand 49% further boost of ownership mutual assets owned 2 oil institutes. acquisition includes caltex lubrications , engine oils interests. acquisition subject approval commerce commission.

loyalty new zealand limited

launched in 1996, loyalty new zealand runs fly buys has 2,400,000 cards issued 74% of new zealands households. 25% joint operation held z energy, new world, state, , bnz.