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Gull & NPD Merger: New Fuel Giant Born
Description
The Commerce Commission approves merger between fuel retailers NPD and Gull, creating a nationwide network of 240 sites. The new entity, owned by Astra Energy Group and the Sheridan family, will maintain both brands, with Gull dominating the North Island and NPD in the South. The merger is expected to lower pump prices, increase buying power, and provide a national fleet service for commercial customers. The Sheridan family and Allegro Funds will be the major shareholders, with Barry Sheridan as CEO and Fay Bou as chair. The merger is set to intensify fuel competition and deliver real resilience and savings for motorists nationwide.
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