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
Market Close
NZ stocks end lower while Eroad tanks
The S&P/NZX 50 Index dropped 99.89 points or 0.75% to 13,289.21.
Retail
Macpac NZ profits drop 71% as softer sales hit margins
The sales drop in New Zealand was larger than Kathmandu's.
Markets
Eroad shares slump 23% as it shifts focus from North America
Eroad cuts North America exposure, impairing $150m in assets.
