Nova Energy's stake in King Country Energy reportedly in play

Mon, 28 Sep 2015

By Pattrick Smellie Sept. 29 (BusinessDesk) - Todd Corp's energy retailer, Nova Energy, is reported to be seeking a buyer for its 54.1 percent stake in King Country Energy, the central North Island electricity generator and retailer. The Australian Financial Review's 'Street Talk' column, often a reliable source of capital markets gossip on both sides of the Tasman, reports that Goldman Sachs has been appointed to find a buyer for its 54.1 percent stake in KCE, whose shares trade on the Unlisted platform. Some 20 percent of KCE is owne...

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