Transpower to pay government special div of $65.7M from d-cyphaTrade sale

Tue, 25 Jun 2013

June 26 (BusinessDesk) - Transpower, the state-owned electricity grid company, will pay a special dividend of $65.7 million to the government this month after concluding the sale of derivatives trading unit to ASX in May. The grid company sold d-cyphaTrade to Australian stock market operator ASX for A$55 million. It set the business up in 2002 to promote Australian exchange-traded electricity futures and to sell related training and information products. “D-cyphaTrade and its future development opportunities were not core business for Transpo...

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