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Mercury snaps up Trustpower’s retail arm for $441m

Binding deal still subject to approvals, including TECT rebate restructure.

Reweti Kohere Mon, 21 Jun 2021

Mercury will pay $441 million in cash to snap up the retail arm of rival gentailer Trustpower, in a binding deal that still has outstanding hurdles.

The listed power companies on Monday announced the acquisition, which will require clearance from the Commerce Commission and approval from

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Reweti Kohere Mon, 21 Jun 2021
Contact the Writer: reweti@nbr.co.nz
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Mercury snaps up Trustpower’s retail arm for $441m
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