Australia’s No.2 superannuation fund, the $280 billion Australian Retirement Trust, is set to become the largest shareholder in New Zealand power lines company Powerco after signing deal documents over the weekend.
Powerco is New Zealand’s largest electricity distributor by network length. Alamy
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
