Subscribe today - find out more
Why you should consider BusinessDesk

Trustpower shareholders back sale to Mercury

Ian Llewellyn
Wed, 22 Sep 2021

Wind and other renewable energy is the way forward, Trustpower says, despite concerns about the regulatory outlook. (Image: Deposit Photos)
Ian Llewellyn
Wed, 22 Sep 2021
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion FREE
UK trade deal reverses an ugly history
Tim Groser | Fri, 22 Oct 2021

The free trade deal announced on Thursday puts to bed half a century of troubled and tortured negotiations.

Scott Technology’s record result leans on meat and mining
Henry Burrell | Fri, 22 Oct 2021

The robotics firm’s strong global presence has been bolstered by a new deal with a white goods giant. 

Small businesses in 'hard out survival mode'
Oliver Lewis | Fri, 22 Oct 2021

An economist is warning NZ businesses are entering the highest risk period for failures.

Decarbonising infrastructure – navigating an abundance of policy and analysis

We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.

Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.