settlement entity invests in petrol station merger to give its whānau 25c a litre off fuel
A New Zealand post-settlement governance entity, Tātau Tātau o Te Wairoa, has invested in the NPDGull petrol station merger. This investment allows members of the iwi to receive a 25-cent-per-litre discount on fuel at Gull stations.
Why it matters
It demonstrates how indigenous governance entities are using commercial investments to provide direct, tangible economic relief to their members during periods of high inflation.
Tātau Tātau commercial chief executive Aayden Clarke says the investment in Gull is now delivering a direct benefit to whānau.
People who whakapapa to the Hawke’s Bay town of Wairoa are getting a reprieve at the pump amid soaring fuel costs.
As a result of post-settlement governance entity Tātau Tātau o Te Wairoa investing in the merger between independent petrol station chains NPD and Gull, members will get 25 cents a litre off fuel at Gull stations.
The entity invested in NPDGull using its commercial arm, E Tipu. The deal is “commercially sensitive” and E Tipu said it would not be revealing how much the investment was.
Tātau Tātau commercial chief executive Aayden Clarke said that although the entity had a long-term investment approach, it was “always looking for things that can improve our people’s lives”.
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