Quote Originally Posted by mouse View Post
....Meridian could then use the cash to buy back the top Twizel lake from Genesis and use the other half of the cash to give a cash return to investors. It is certainly a possibility. Comments please.
Tekapo is Genesis' only South Island asset. In that respect owning that group is worth far more to them portfolio wise than the the simple value of the group.
On the other hand Meridian will always get the water from Tekapo even without owning the two stations, so the value to them of owning Tekapo is far less than the simple value of the group. I can't see a match happening there.