Markets: Z Energy raises $840m in IPO

Infratil and New Zealand Superannuation sell their combined 60 per cent stake in the fuel company.

Z Energy Ltd has sold $NZ840 million worth of stock in an initial public offering after the company’s two shareholders, Infratil Ltd and the New Zealand Superannuation fund, together sold 60 per cent of their shares in the company, which sells about a third of New Zealand’s fuel.

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