Whakatane, Feb 12 NZPA - A clause in its own trust deed has forced the Eastern Bay Energy Trust to abandon its attempted takeover of power lines company Horizon Energy - for now.
By Dave Williams of NZPA Wellington, Feb 10 NZPA - The Bay of Plenty iwi that blocked the Eastern Bay Energy Trust's bid to take over the local lines company says it is not opposed to the idea, but wants to know where the money is coming from.
Wellington, Feb 10 NZPA - The Eastern Bay Energy Trust has parked its takeover offer for Horizon Energy Distribution while it seeks legal clarification on whether it can actually buy the remaining shares in the NZX-listed lines company, following a challenge by a Bay of Plenty iwi.
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