UPDATE: Trustpower targets King Country retail business

Thu, 07 Dec 2017

(Recasts and adds detail from takeover offer) By Paul McBeth Dec. 7 (BusinessDesk) - Trustpower is eyeing up King Country Energy's retail business, as it teams up with King Country Electric Power Trust to buy out the remaining minority shareholders. The Tauranga-based utility company will form an unincorporated joint venture with the trust, which owns 19.98 percent of King Country Energy, which will then make a takeover offer for the central North Island electricity generator and retailer, it said in a statement. The $5 a share offer...

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