Meridian exits Australia in A$729m deal

Meridian exits Australia in A$729m deal
Neal Barclay says the deal is an outstanding result for Meridian’s shareholders. (Image: Meridian)
Staff reporters
Meridian Energy is selling all of its Australian electricity sector assets, ending nearly two decades of investment in renewable wind and hydro generation and establishment of its retail brand Powershop across the Tasman.Today’s announcement follows a strategic decision earlier this year to examine an exit because of the “highly politicised” energy sector environment in Australia.The Australian arm of the multi-national oil company Shell will buy Meridian Australia’s 140,000-strong Powershop customer base while Infrastru...

More Markets

NZ sharemarket edges higher as F&P Healthcare weighs on gains
Markets Market Close

NZ sharemarket edges higher as F&P Healthcare weighs on gains

The S&P/NZX 50 Index closed 14.49 points or 0.11% down at 13,391.59.

Jamie Gray 24 Oct 2025
Contact Energy expands global investor base
Markets

Contact Energy expands global investor base

Contact Energy priced an inaugural €500 million (NZ$1.01b) 7-year senior bond under its Euro Medium Term Note (EMTN) Programme, it said Friday.“This marks a milestone in Contact’s funding strategy, expanding our global investor base and reinforcing our commitment to sustainable f...

Rebecca Howard 24 Oct 2025
Kiwibank wary of capital-review barrier to growth
Finance

Kiwibank wary of capital-review barrier to growth

Kiwibank raises issues of competitive advantage.

Andy Macdonald 24 Oct 2025
Cash or invest? What Allied Farmers could do with $7m
Markets Small Cap Wrap

Cash or invest? What Allied Farmers could do with $7m

Plus, Promisia's insightful guidance, numerous AGMs, and more.