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    MEL   NZMELE0002S7

MERIDIAN ENERGY LIMITED

(MEL)
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Meridian Energy Looks to Sell Australia Electricity Business

06/07/2021 | 03:18pm EDT

By Stephen Wright

WELLINGTON, New Zealand--Meridian Energy Ltd. said it has begun a review of the ownership of its Australian electricity business that could result in a full or partial sale.

The company, one of New Zealand's main power generators, said financial advisory firm Lazard is conducting the review, which may take a number of months.

Meridian Energy Australia has 294 megawatts of renewable generation capacity and a further 150MW it could develop. Its retail electricity and gas business, Powershop, has about 180,000 customers.

Write to Stephen Wright at stephen.wright@wsj.com

(END) Dow Jones Newswires

06-07-21 1718ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.18% 34751.32 Delayed Quote.12.97%
LAZARD LTD -0.30% 47.09 Delayed Quote.11.65%
MERIDIAN ENERGY LIMITED 0.49% 5.175 End-of-day quote.-30.26%
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Financials
Sales 2021 4 252 M 3 008 M 3 008 M
Net income 2021 252 M 179 M 179 M
Net Debt 2021 1 481 M 1 048 M 1 048 M
P/E ratio 2021 51,9x
Yield 2021 3,28%
Capitalization 13 259 M 9 373 M 9 381 M
EV / Sales 2021 3,47x
EV / Sales 2022 4,12x
Nbr of Employees 1 015
Free-Float 48,9%
Chart MERIDIAN ENERGY LIMITED
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Meridian Energy Limited Technical Analysis Chart | MEL | NZMELE0002S7 | MarketScreener
Technical analysis trends MERIDIAN ENERGY LIMITED
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Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 5
Last Close Price 5,18 NZD
Average target price 5,46 NZD
Spread / Average Target 5,43%
EPS Revisions
Managers and Directors
Neal Anthony Barclay Chief Executive Officer
Michael John Roan Chief Financial Officer
Mark John Verbiest Chairman
Peter David Wilson Deputy Chairman
Anake Angus Murray Goodall Independent Non-Executive Director