UPDATE: Trustpower shareholders vote for demerger

Fri, 09 Sep 2016

(Adds results of shareholder vote, updates shares) By Sophie Boot and Edwin Mitson Sept. 9 (BusinessDesk) - Trustpower's shareholders have overwhelmingly voted to carve out its windfarms and renewable development pipeline, splitting the company into two separate businesses that will be listed on the NZX and ASX. Under the proposal Trustpower keeps the trans-Tasman generation assets, while Tilt Renewables gets the wind projects that are either in development or planning stages and are situated mainly in Australia. A court-approved sche...

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