NZ's CO₂ emissions have not yet rebounded from a pandemic-related dip.
The deal involves the issue of about 180 million Manuka shares to the owners of the privately-held TTR, about 37.5% of Manuka’s fully diluted shares. The deal values TTR at around $50m.
With demand high and supply falling, an energy company CEO says it's a good time to be selling gas in NZ.