NZ Super vying for Shell New Zealand stake

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NEW ZEALAND - A consortium comprising the New Zealand Superannuation Fund and infrastructure investment fund Infratil is in exclusive talks to acquire part of Shell New Zealand's refining and downstream assets.

The super fund and Infratil are in the final phase of due diligence for a potential acquisition of a 17% stake in the New Zealand Refining Company, Shell New Zealand's supply and distribution infra...

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