The S&P/NZX 50 Index closed at 12,809.59 points, down 87.36 points or 0.68%.
Genesis and Contact forked out millions to keep the lights on.
THL is targeting a $12m after-tax profit cost savings in the 2027 financial year.
Vendor John Bostock is staying on as manager of the 62ha organic property.
An extra $500 million is set to be paid out to its farmers from January.
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