Sharechat Logo

Trustpower Limited (NZX: TPW) Retail Business sale Cleared by Commerce Commission

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

Source: Trustpower Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NWF - IMPLEMENTATION OF SCHEME OF ARRANGEMENT
EROAD Publishes FY25 Group Climate Statement
Synlait provides performance update
Air New Zealand Chief Executive Officer Appointment
July 30th Morning Report
IKE 1Q FY26 Performance Update
July 29th Morning Report
General Capital Annual Shareholders Meeting Results
MEE - Receivers and Liquidators appointed to King Honey
2 Cheap Cars Group Updates Performance Outlook for FY26