Meridian has its Australian business under review with a view to a possible sale. Photo / SuppliedMeridian has its Australian business under review with a view to a possible sale. Photo / SuppliedPower generator Meridian says its ownership of Meridian Energy Australia (MEA) is under review with a view to a possible partial or full sale. Australian energy margin was $59m in the first half, $6m or 9 per cent lower than in the previous corresponding period. Tilt has entered a scheme implementation agreement under which it was proposed that PowAR would acquire its Australian business and Mercury would acquire the New Zealand business.

Source: New Zealand Herald June 07, 2021 21:56 UTC