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Stock Takes: Trustpower receives bids, Synlait's new brand, AFT's US deal


Stock Takes: Trustpower receives bids, Synlait s new brand, AFT s US deal
27 Apr, 2021 10:14 PM
3 minutes to read
Trustpower has received indicative bids for its retail business. Photo / Bay of Plenty Times
NZ Herald
Trustpower, New Zealand s fifth biggest electricity company, said it had received a number of non-binding indicative bids for its retail business following its announcement of a strategic review in January.
The board had reviewed the
proposals and had progressed into the due diligence stage of the process, Trustpower said.
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Tauranga-based Trustpower has more than 230,000 customers across electricity, gas and broadband.
The review was designed to test interest in the business while also exploring the merits and business case to establish a standalone generation business. ....

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