Trustpower advises that it has received a number of non-binding indicative proposals to acquire its mass market retail business, following its announcement of a strategic review in January.
Trustpower’s Board has reviewed the proposals and has progressed into the due diligence stage of the process.
A further update to the market on the strategic review will be provided in due course.
ENDS
ASB flagged the class action as a contingent liability.
“ANZ NZ will continue to defend its case. Our position hasn’t changed.”
The S&P/NZX 50 Index closed at 13,531.29, up 42.05 points or 0.31%.
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