Windfall dividend looms from Meridian’s sale of huge Aussie wind farm stake

Sun, 30 Jun 2013

by Pattrick Smellie July 1 (BusinessDesk) – The government looks set to receive a windfall whopper dividend from Meridian Energy following the sale of its 50 percent stake in the A$1 billion Macarthur wind farm in Victoria. The sale, which valued state-owned Meridian’s holding at A$659 million, comes right on balance date for what is likely to be Meridian’s last financial year under 100 percent state ownership, with a float of up to 49 percent scheduled for the third quarter of this year, market conditions permitting. Meridian chief financia...

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