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NZ s Meridian Energy sells Australia unit for $528 mln to Shell-consortium

Meridian Energy on Monday said it agreed to sell its Australian energy business for A$729 million ($527.80 million) to a consortium of global energy giant Royal Dutch Shell and Australian investment manager Infrastructure Capital Group (ICG).

NZ s Meridian Energy sells Australia unit for $528 million to Shell-consortium

Meridian Energy on Monday said it agreed to sell its Australian energy business for A$729 million ($527.80 million) to a consortium of global energy giant Royal Dutch Shell and Australian investment manager Infrastructure Capital Group (ICG).

Meridian Energy hires global firm Lazard to review Australian business strategy

Meridian Energy hires global firm Lazard to review Australian business strategy 12 May, 2021 11:00 PM 3 minutes to read Meridian s Mt Millar wind farm located on the Eyre Peninsula in South Australia. Photo / Supplied Meridian s Mt Millar wind farm located on the Eyre Peninsula in South Australia. Photo / Supplied Duncan Bridgeman is head of premium business content for the New Zealand Heraldduncan.bridgeman@nzherald.co.nz@Dunc1000 Meridian Energy has hired financial advisory firm Lazard to review its Australian strategy amid energy margin pressure and a drop in earnings across the Tasman. However, chief executive Neal Barclay was quick to point out that should not be read as a strategic review or the start of a sales process.

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