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Trustpower looks to acquire, de-merge King Country Energy

( December 18, 2015, 07:28 GMT | Insight) -- New Zealand electricity generator and retailer Trustpower is planning to acquire King Country Energy and then de-merge the business into two separately-listed companies, each with a clearly-delineated focus, the National Business Review reports. One busine...New Zealand electricity generator and retailer Trustpower is planning to acquire King Country Energy and then de-merge the business into two separately-listed companies, each with a clearly-delineated focus, the National Business Review reports. One business would operate trans-Tasman windfarms and solar development projects, while the other would focus on hydro-generation and retail networks. Infratil, which owns 50.6 percent of Trustpower, has already shown support for the NZ$126.6 million ($85.3 million) takeover bid. ...

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