High Court approves TECT restructure
TRANSACT
Thu, Dec 16 2021 12:29 pm
Trustpower welcomes the decision today from the High Court, ruling in favour of the TECT restructure.
The appeal period for the decision expires in early February 2022.
Settlement of the sale of the retail business is, pending any notice of appeal, intended to occur in the first quarter of 2022.
Announcement PDF
Markets News
Markets
Fletcher dodges product recall in upbeat end to August for NZX 50
The S&P/NZX 50 Index rose 97.07 points, or 0.8%, to 12,447.68.
Markets
Fletcher Building expects $168m hit from leaky pipes response
Fletcher Building subsidiary Iplex Australia to cover 80% of repair costs.
Markets
Ritchies posts $17m annual net loss
The bus operator's net loss widened from $8m to $17m in the year to March 31.
