Tauranga trust 'ill-conceived,' chairman says
Shake-up puts Trustpower at loggerheads with its 26% shareholder.
The Tauranga Energy Consumer Trust (TECT) is an anachronism that requires correction, its chairman says after proposing radical change affecting its 26% stake in NZX-listed Trustpower.
Shares in Trustpower fell as much as 4.6% after the proposals were revealed, before recovering to be down 3.7%
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Tim Hunter
Thu, 25 Jan 2018
Thu, 25 Jan 2018
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Tauranga trust 'ill-conceived,' chairman says
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