New Zealand's Vector to sell 50% stake in metering business
20/12/2022 21:06
Dec 21 (Reuters) - New Zealand's energy utility Vector Ltd VCT.NZ said on Wednesday it had entered into a conditional agreement with QIC Private Capital to finalise the sale of a 50% stake in its metering business in a deal that values the business at NZ$2.51 billion ($1.59 billion). ($1 = 1.5775 New Zealand dollars) (Reporting by Navya Mittal in Bengaluru; Editing by Anil D'Silva) ((Navya.Mittal@thomsonreuters.com;))
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