Trustpower shareholders back sale to Mercury

Trustpower shareholders back sale to Mercury
Wind and other renewable energy is the way forward, Trustpower says, despite concerns about the regulatory outlook. (Image: Deposit Photos)
Ian Llewellyn
Trustpower shareholders have indicated their approval for the sale of its retail business to Mercury Energy and a move to becoming a generation-only company called Manawa Energy.The $441 million deal will result in Mercury buying retail electricity, gas and telecommunications services from Trustpower.The deal adds 252,000 electricity customers to Mercury’s existing customer base of more than 331,000 electricity customers, making it the largest electricity retailer.Proxies at the shareholders meeting were overwhelmingly in support wit...

More Markets

Gamification – it’s coming for you
Opinion

Simon Robertson: Gamification – it’s coming for you

How smart companies game your life to make money.

Simon Robertson 01 Nov 2025
NZ stocks end firm after Sky, Vulcan, annual meetings
Markets Market Close

NZ stocks end firm after Sky, Vulcan, annual meetings

There were 84 rises and 54 falls on the main board.

Jamie Gray 31 Oct 2025
Rising volumes push Port of Tauranga profit outlook higher
Primary Sector

Rising volumes push Port of Tauranga profit outlook higher

Port of Tauranga expects its full-year net profit after tax to fall somewhere between $137 million and $147m.The NZX-listed port company’s container volumes increased 9% to 319,649 TEUs in the first three months to Sept 30.Total trade increased 5.9% in volume compared to the same...

Staff reporters 31 Oct 2025
SkyCity faces Adelaide reckoning by year-end
Markets

SkyCity faces Adelaide reckoning by year-end

Casino operator releases details about regulatory situation in Adelaide.

Dileepa Fonseka 31 Oct 2025