Shell NZ needs new slogan
Shell petrol stations now Kiwi-owned
Shell's New Zealand network of petrol stations are now locally owned, with Infratil and the Super Fund saying that a large chunk of its profits will now stay in this country. Infratil and the NZ Super Fund this morning announced they had finalised the purchase of Shell New Zealand in a $696.5 million joint venture deal after almost a year of negotiations. They say that dividends from the business will now mainly flow to New Zealand shareholders - and the public, via the investment by the Super Fund. It says there will also be more local jobs and staff training through the "on-shoring" of many roles now being performed overseas.
Shell NZ will need a new slogan, I suggest, "We used to murder poets, now we just murder NZ petrol prices"