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3/8/2018 — Oil and Gas
Bell Gully in Rockgas transaction

The major New Zealand legal firm Bell Gully advised Contact Energy Ltd (NZX & ASX: CEN) on the sale of its LPG business, Rockgas, to Gas Services NZ Midco Ltd (GSNZ).

The sale deal was worth $260 million.

Rockgas is the country’s largest LPG retailer - holding a market share of about 41%. The business serves close to 90,000 customers across six branches, three satellite branches and a network of 27 franchises.

Bell Gully’s role was led by partner Chris Gordon. Garry Downs, a former Bell Gully partner, acted for GSNZ, with support from Chapman Tripp.

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