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Meridian Energy Limited ( (MDDNF) ) has shared an announcement.
Meridian Energy Limited has entered into an agreement to acquire Flick and Z Energy’s electricity customer contracts from Ampol Limited, as Ampol shifts its focus to electric vehicle charging solutions. This acquisition, valued at NZ$70 million, will increase Meridian’s market share to 18% and solidify its position as the fourth largest electricity retailer by ICP in New Zealand. The deal includes a strategic partnership with Ampol to explore opportunities in EV charging and energy solutions, enhancing Meridian’s operations and market positioning.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-based company operating in the electricity industry. It is listed on the NZX and ASX stock exchanges under the symbols MEL and MEZ, respectively. The company is one of the largest electricity retailers in New Zealand, focusing on providing energy solutions and maintaining a strong customer service reputation.
See more data about MDDNF stock on TipRanks’ Stock Analysis page.