4 Dec 2010

Australian assets sold by Gull

7:50 am on 4 December 2010

The independent oil company Gull has sold its Australian assets in a move which will give more focus to its New Zealand operations.

The company confirmed the sell of its assets to Ausfuel on Friday.

Gull says the sale will mean the company can develop its New Zealand operations and achieve new milestones in the domestic market.

General manager Dave Bodger says he's confident that there's significant opportunity for growth in the New Zealand market.

The company, which was founded in 2008, made its first retail sales of petrol a year later. It has since grown to a network of over 40 branded sites.