Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Shell Agrees To Commerce Commission’s Extension


31 October 2000

Shell Agrees To Commerce Commission’s November 17 Extension

Shell has agreed to the Commerce Commission’s request for a time extension to enable it to complete its review of Shell’s second application to acquire the Energy Division (FCE) of Fletcher Challenge Limited (FCL).

The Commission now has until November 17th to consider the clearance reapplication by Shell.

Shell New Zealand Chairman and Chief Financial Officer, Ed Johnson, said Shell would continue to make available all information which would assist the Commission in its decision making process.

“In agreeing to the time extension, Shell remains confident that it has supplied the Commission with information that demonstrates how consumer interests will be preserved and competition safeguards will be maintained. Shell will explore all avenues and legal options to ensure that the necessary clearance is given to allow the FCE transaction to be completed.”

Shell will not be commenting on the transaction or the clearance process in any way until the Commission has announced its decision on November 17.

Ends



© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Fish & Game Support: Canterbury Officer Of Health Warns On Nitrates In Water

"Nitrate testing of 114 drinking water samples from across the Canterbury plains showed that more than half of them were above the level considered safe in the world's largest ever study on the impacts of nitrates in drinking water." More>>

ALSO:

Partnerships Investment Round: Government Invests In Cancer Research, Pines, Ryegrass

The Government will invest $14.4 million into transformative new scientific research programmes including cutting-edge cancer treatment and vertical farming, Research, Science and Innovation Minister Megan Woods announced today. More>>

ALSO:

Stats: Net Migration Remains High

“Since late 2014, annual net migration has ranged between 48,000 and 64,000,” population indicators manager Tehseen Islam said. “The only previous time net migration was at these levels was for a short period in the early 2000s.” More>>

ALSO:

Retail: Costco To Open First NZ Store At Westgate In Auckland

American multi-national discount store operator Costco Wholesale is planning to open its first New Zealand store at the Westgate shopping centre in Auckland’s north-west. More>>

ALSO:

RNZ Report: Fungal Disease Claims Life Of Seventh Kākāpō

A seventh kākāpō being treated for the respiratory disease aspergillosis has died. Nora 1-A was just over 100 days old and was the sickest of the kākāpō being treated at the New Zealand Centre Conservation Medicine at Auckland Zoo. More>>