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Further carbon-related write-downs expected from NZX

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Duncan Bridgeman | Friday February 26, 2010

NZX shares slide as 'blue sky' carbon profits evaporate

Duncan Bridgeman | Monday February 15, 2010 | 5 comments

Shares in NZX Limited have taken a hit on the company’s own exchange today after it slashed $19.9 million from the expected sale proceeds of its carbon trading business.

At 3pm NZX shares were down 13c at $2.05, a fall of 6%, on mild volume.

Late on Friday, after the market closed, NZX announced it would write down the carrying value of remaining sale proceeds of its TZ1 Registry, which it sold to UK firm Markit Group last year.