Signs Vector meter deal is close

Lines company Vector is looking at the future of its meter business. (Image: Getty)

Thu, 03 Nov 2022

There are signs that Vector is moving closer to finalising a deal over its metering business.The Auckland-based lines company’s chief financial officer, Jason Hollingworth, yesterday registered three new company names: Vector Meterco, NZ Holdco and VM NZ Bidco.The creation of such companies to handle deals is common practice, but the fact that it is Vector doing the registering could suggest it is looking seriously at a joint venture arrangement and not an outright sale.In April, Vector said it was reviewing the future of its meter operat...

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