$51m write-off for Southland's Power Company
Huge impairment after premium paid for Otagonet acquisition.
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Hawke’s Bay
A community-owned Southland electricity lines company has written off $51 million after paying a huge premium for lines assets in Otago.
The Power Company, based in Invercargill, paid $153 million last September to buy a further 50.6% of Otagonet, whose power lines cover a large area of Otago from
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Tim Hunter
Fri, 04 Sep 2015
Fri, 04 Sep 2015
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