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    TPW   NZTPXE0001S5

TRUSTPOWER LIMITED

(TPW)
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Trustpower to Sell Retail Business to Mercury for NZ$441 Million

06/20/2021 | 03:12pm EDT

WELLINGTON, New Zealand--Trustpower Ltd. said it has agreed to sell its retail business to Mercury NZ Ltd. for 441 million New Zealand dollars ($306 million).

The deal, which is subject to regulatory approval, is expected to be completed by early 2022, the company said Monday.

The retail business has about 231,000 customers and includes electricity, gas and telecommunications.

Trustpower said it will consider its capital structure, dividend policy and opportunities for investment of the sale proceeds.

Write to Stephen Wright at stephen.wright@wsj.com

(END) Dow Jones Newswires

06-20-21 1712ET

Stocks mentioned in the article
ChangeLast1st jan.
INFRATIL LIMITED -1.22% 7.31 End-of-day quote.0.14%
MERCURY NZ LIMITED -1.05% 6.61 End-of-day quote.1.23%
TRUSTPOWER LIMITED -0.38% 7.85 End-of-day quote.-0.63%
All news about TRUSTPOWER LIMITED
06/21Trustpower to Vote on Trustpower's Sale of Retail Business to Mercury
MT
06/20Australian shares drop as Fed official's hawkish view spooks investors
RE
06/20MERCURY NZ : to Take Over Trustpower's Retail Business
MT
06/20Trustpower to Sell Retail Business to Mercury for NZ$441 Million
DJ
06/10TRUSTPOWER LIMITED : Ex-dividend day for extraordinary dividend
FA
06/10TRUSTPOWER LIMITED : Ex-dividend day for final dividend
FA
06/10TRUSTPOWER LIMITED : Bonus dividend due to over-provision of tax and pays to sha..
FA
05/18INFRATIL : Swings to Loss in Fiscal Year Ended March 31
MT
05/17Trustpower Limited Provides Operating Guidance for the Fiscal Year 2022
CI
05/16Trustpower Limited Announces Final Dividend, Payable on 18 June 2021
CI
More news
Financials
Sales 2022 957 M 667 M 667 M
Net income 2022 88,2 M 61,5 M 61,5 M
Net Debt 2022 664 M 463 M 463 M
P/E ratio 2022 25,9x
Yield 2022 4,31%
Capitalization 2 457 M 1 715 M 1 713 M
EV / Sales 2022 3,26x
EV / Sales 2023 4,60x
Nbr of Employees 801
Free-Float 21,6%
Chart TRUSTPOWER LIMITED
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Technical analysis trends TRUSTPOWER LIMITED
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TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 7,85 NZD
Average target price 8,14 NZD
Spread / Average Target 3,67%
EPS Revisions
Managers and Directors
David James Prentice Chief Executive Officer & Non-Independent Director
Kevin John Palmer Chief Financial Officer & Secretary
Paul Morton Ridley-Smith Chairman
Matt van Deventer General Manager-Technology & Delivery
Susan Ruth Peterson Independent Non-Executive Director