Skip to content

Caltex Welcomes Consent to Gull New Zealand Acquisition

Caltex Welcomes Consent to Gull New Zealand Acquisition

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.

Media contact
Elizabeth Rex
0429 171 350