NZ Windfarms cans asset sale, plans share buyback

Wed, 24 Jul 2019

By Rebecca Howard July 24 (BusinessDesk) - NZ Windfarms has canned its planned asset sale and instead plans to buy back as much as 5 percent of its shares. The company, which operates the Te Rere Hau wind farm near Palmerston North, late last year hired Jarden to conduct a strategic review, including a possible sale of its assets. Interest was shown by a number of parties but "indications of value did not match the directors' expectations nor the company's current strong operating and financial performance," chair John Southworth said...

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