A major shareholder has stepped out its shareholding in NZ Windfarms Ltd (NZX: NWF).
The North Island wind farm operator reported that Vector Ltd (NZX: VCT) was selling its block of 63.68 million shares, which represented a holding of 22.1%.
In a report to the New Zealand Stock Exchange, NZ Windfarms said the shares were being sold to a range of buyers, not known to Vector by Forsyth Barr.
The sale reportedly took place on February 23 and represented a value of $6.368 M. The transaction was set to be settled tomorrow.
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