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First Gas faces New Zealand court action over allegations of anticompetitive conduct

( January 10, 2019, 00:09 GMT | Official Statement) -- MLex Summary: New Zealand gas network operator First Gas is facing court action from the country's competition regulator over allegations of anticompetitive conduct surrounding the acquisition of network operator GasNet's assets. The Commerce Commission has filed proceedings against the natural-gas company in the Wellington High Court alleging First Gas engaged in anticompetitive conduct in its dealings with GasNet, including a contractual restraint on GasNet from re-entering the Bay of Plenty region for five years from the time of acquisition.The full statement follows:...

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