iSite Media, New Zealand’s largest out of home advertising supplier, has entered into an agreement to purchase all of OTW’s billboard sites. But the deal will only go ahead if the Commerce Commission believes it won’t substantially lessen competition in the market.
When Shell’s fuel business was sold to the New Zealand Superannuation Fund and Kiwi infrastructure company Infratil in April last year (for a cool $695 million, we might add)—both of which are owned and operated by Greenstone Energy—the wheels were set in motion to replace the brand with something Greenstone Energy describes as “entirely Kiwi”. $35 million later, the new petrol stations, called Z Energy, are being unveiled across the country as part of a complete brand overhaul. And, coupled with extensive market research, the finished product comes courtesy of a number of industry players, including Cato Partners and Assignment Group.