The New Zealand Refining Company Limited (NZX:NZR) announced a strategic review on 15th April 2020 to decide the optimal capital structure and business model for its assets to increase returns to shareholders and provide competitive, secure fuel supply to New Zealand. Key updates of the strategic review are:
- The company is planning to enhance the near-term viability of the its existing business model;
- It shall now build plans to structurally decrease operating costs and simplify refinery operations.
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