Page 3 - Vector Metering News Today

Vector’s net half-year profit to December 2022 fell 13.2 per cent from the same period in 2021, partly due to rising interest costs and a one-off windfall

The Auckland energy lines company's net profit fell 13 percent on the year earlier, reflecting inflation as well as higher depreciation, interest costs and downward movement in the value of...

PEP and Brookfield’s tearaway Intellihub is chasing lenders for more funds.

Vector is set to sell a 50 per cent stake in its New Zealand and Australian metering business, Vector Metering, to private equity group QIC Private Capital

The lines company Vector has signed a conditional deal to sell 50 percent of its smart metering business in Australia and New Zealand.

QIC is set to buy 50 per cent of New Zealand’s Vector Metering at a $NZ2.5 billion enterprise value in a deal expected to complete in the second quarter.

Kiwi utility Vector’s trying to bring its metering auction to a head, calling for bids by mid next week in an effort to have a signed deal by Christmas. 

Watch out, there’s a Canadian heavyweight entering the ring at Vector Metering.

There’s some heavyweight names on the cutting room floor at Vector, after the utility shortlisted parties for its metering auction in the past few days.

Now that gas and electricity networks owner Vector Ltd’s FY22 results are out of the way, the company’s ramping up plans to sell a half share in its $3 billion Australia/NZ metering unit.