Trustpower plans to carve out wind business, with Infratil's backing

Fri, 18 Dec 2015

By Paul McBeth Dec. 18 (BusinessDesk) - Utility company Trustpower plans to spin out its windfarms and renewable development pipeline into a separate business, and has the blessing of majority shareholder Infratil to do so. The Tauranga-based company which is currently looking to buy small-scale electricity generator and retailer King Country Energy, is considering a demerger where it would split the business into two separately-listed companies. One would hold its trans-Tasman windfarms and its wind and solar development projects, and...

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