Mercury NZ's play for Trustpower's energy retail business sparks New Zealand review
( August 4, 2021, 07:42 GMT | Official Statement) -- MLex Summary: Electricity company Mercury NZ’s move to acquire the retail business of Trustpower has sparked a public review by New Zealand’s competition regulator, which will focus its attention on the country’s energy market and the operations of the five companies that both generate and retail power. In a statement released today, the New Zealand Commerce Commission said it would examine the market of the so-called “gentailers” that operate in New Zealand — the others being Contact Energy, Genesis Energy and Meridian Energy. The Commerce Commission has set Sept. 28 as the deadline for a preliminary decision on the deal. The full statement from the New Zealand Commerce Commission follows: ...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.