Trustpower to proceed with demerger, shareholders to vote in July

Thu, 10 Mar 2016

By Paul McBeth March 11 (BusinessDesk) - Trustpower is going ahead with plans to spin out its windfarms and renewable development pipeline into a separate business, and will put the demerger to a shareholder vote in July. The Tauranga-based company expects to send out documents to shareholders in June for a special meeting in July which would create two separately-listed companies, it said in investor presentation slides published on the stock exchange. One firm would hold its trans-Tasman windfarms and its wind and solar development pro...

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