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From: | "G Stolwyk" <stolwyk@wave.co.nz> |
Date: | Mon, 9 Apr 2001 14:22:07 +1200 |
Mick,
I think that it will go for more
than $ 20 mill. irrespective of their market share.
You will recall that at first Challenge caused
problems with price cutting and when Gull stepped in, another potential
headache arrived on the scene.
Competitors would be keen to get rid of at least
one of these two companies!!
As there are more companies in the market, the
Commerce Commission may approve a sale to existing companies and
Gull would get such an approval first!
If both Gull and Caltex think that they have
something to gain in securing additional critical locations and / or securing
the supply installations at the ports, then so be
it!
Gerry
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