Meridian Energy to purchase NZ Windfarms in conditional agreement

Meridian Energy to purchase NZ Windfarms in conditional agreement
Te Rere Hau windfarm in the northern Tararua ranges. (Image: Gary Rodgers Magnum Images)
Greg Hurrell
Meridian Energy will acquire 100% of NZ Windfarms for 25 cents a share, subject to approval from the High Court and NZ Windfarms shareholders.If the deal fails, the scheme implementation agreement (SIA) includes a commitment to underwrite NZ Windfarms’ financial obligations for a windfarm joint venture.Meridian is NZ Windfarms’ largest shareholder, with a 20% stake in the company.New Zealand Exchange-listed (NZX) NZ Windfarms stated the Meridian share offer represented an equity value of around $91 million. That was a premium o...

More Markets

NZX lifts 0.2% as markets wait for US Fed decision
Markets Market Close

NZX lifts 0.2% as markets wait for US Fed decision

The S&P/NZX 50 gained 0.2% to 13,234.89 points on Tuesday.

Gregor Thompson 16 Sep 2025
Oceania forecasts sales lift as it targets debt
Property

Oceania forecasts sales lift as it targets debt

It said sales applications had lifted 23% between July and August.

Gregor Thompson 16 Sep 2025
New structure, powers for ComCom
Markets

New structure, powers for ComCom

Groceries, aviation, building supplies, digital services carparking all get a mention.

Pattrick Smellie 16 Sep 2025
NZME shareholder Jim Grenon lifts investment in media firm
Markets

NZME shareholder Jim Grenon lifts investment in media firm

NZME shareholder and director Jim Grenon has lifted his investment in the media business for the second time in recent weeks, to just under 18%.A notice to the NZX on Monday stated Grenon had lifted his shareholding from 15.963% to 17.932%, after acquiring 3.7 million shares for...

Staff reporters 16 Sep 2025