26 June 2017
Caltex Australia Limited (ASX:CTX) welcomes the consent of the New Zealand Overseas Investment Office to its proposed acquisition of Gull New Zealand for a purchase price of NZ$340 million (approximately A$325 million). Caltex anticipates completing the acquisition on Monday, 3 July 2017.
The deal will be funded through a combination of existing and new bank debt arrangements and is expected to be earnings per share accretive by the end of its first full year of operation under Caltex ownership.
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