Powerco stake reportedly on the block
Aussie investment bank Barrenjoey said to be advising QIC on options for its 58% shareholding.
Taranaki-based Powerco has 28,441km of electricty lines in its network.
Queensland’s state investment fund QIC is reportedly mulling a sale of its 58% stake in New Plymouth-based electricity and gas distributor Powerco.
According to the Australian Financial Review, QIC hired Australian investment bank Barrenjoey late last year to advise on options for the holding,
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