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9/3/2018 — General
KCE bid moves to full takeover

In its quest for a full takeover of regional energy company King Country Energy Ltd (KCE), the listed company Trustpower Ltd (NZX: TPW) has reached a dominant level.

A compulsory condition for full takeover has to reach a minimum 90% and Trustpower said on Tuesday it had achieved 94.1%.

The partial ownership of KCE before making a full takeover bid had seen this interest being an important new cog in Trustpower’s customer base and financial performance.

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