Should Meridian call Rio’s bluff?

Rio Tinto has a caused a stir among electricity gentailers this week. What it might mean for Meridian going forward.

The big news in the New Zealand market recently involved the electricity gentailers. They were punished by investors ​after Rio Tinto, which controls the major stake in New Zealand Aluminium Smelters (NZAS), said it was reviewing the Tiwai Point smelter's future after rejecting Meridian's proposed pricing. This has impacted Meridian. The other gentailers such as Contact, Mercury, and Genesis have also seen their share price take a hit.

See more of Hamesh's article here

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This information is general information only and does not take account of your individual investment objectives or financial situation.
Pathfinder Asset Management encourages all investors to seek independent financial advice prior to making investment decisions.