Tuesday 28th September 2021 |
Text too small? |
Trustpower Limited confirms today that the Commerce Commission has cleared Mercury NZ Limited to acquire its retail business.
The sale includes Trustpower’s existing retail contracts to supply electricity, gas, fixed and wireless broadband and mobile phone services. Trustpower has approximately 234,000 customers across New Zealand. The sale does not include any of Trustpower’s industrial or commercial electricity customers, nor any of its generation assets.
Commerce Commission clearance was one of three conditions of sale. The other two conditions included Trustpower shareholder approval which was approved at its Annual Shareholder meeting on 22 September 2021, and the completion of the TECT restructure which is subject to a High Court hearing scheduled for 15-17 November 2021.
Please see the link below for details
Trustpower Retail business sale cleared by Commerce Commission
No comments yet
4th July 2022 Morning Report
BIF - Acquires shares in Hot Lime Labs
RUA - Cann Group granted TGA GMP for Mildura facility
AFI - Invitation to Results Webcast
PFI Share Buyback Programme to Pause
Greenfern Industries Limited ("GFI") - Late Annual Report
FSF - Monthly Allotment/ Redemption Notice
1st July 2022 Morning Report
General Capital Releases 2022 Annual Report
Fonterra, NZX, EEX confirm GDT strategic partnership