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Meridian Energy Limited ( (MDDNF) ) has shared an announcement.
Meridian Energy Limited has entered into an agreement to acquire NZ Windfarms Limited for $91 million, conditional on shareholder and High Court approval. This acquisition aligns with their existing joint venture to modernize the Te Rere Hau Wind Farm, aiming to enhance its capacity significantly. The initiative is expected to create regional jobs and bolster energy supply security while increasing shareholder value.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-based company involved in the renewable energy sector. It is listed on the NZX and ASX and focuses on generating electricity through sustainable means, including wind and hydroelectric power.
YTD Price Performance: 2.23%
Average Trading Volume: 3,625
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $9.02B
For an in-depth examination of MDDNF stock, go to TipRanks’ Stock Analysis page.
