QIC gets exclusivity at Vector Metering auction, beats Keppel and CKI
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.
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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.