29 Mar 2018
Trustpower Limited (Trustpower) and King Country Electric Power Trust (KCEPT), today assumed full control of King Country Energy Limited (KCE).
This is the outcome of a joint venture (JV) takeover made by a wholly-owned subsidiary of Trustpower and KCEPT, initiated in December 2017, that sought to acquire the balance of KCE’s ordinary shares at $5 per share. Trustpower now controls 80% of KCE, with KCEPT controlling the remaining 20%.
The parties have initiated the sale of KCE’s retail business to Trustpower.
Chief Financial Officer
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