Pacific Hydro was delisted at the request of the company following the completion of compulsory acquisition by IFM Renewable Energy Ltd, which fought off Spanish infrastructure corporation Acciona SA to win control of Pac Hydro.

Meanwhile, trading in NGC Holdings shares is to cease on September 7 as energy network company Vector’s finalises compulsory acquisition of NGC.

But Wellington-headquartered NGC told the NZX this morning that although it would delist from the equity security market board (NZSX), it would continue to be listed on the debt security market board (NZDX) as an issuer of fixed interest bonds.

Vector also told the NZX this morning that its total beneficial interest in NGC had now reached 95.25% after earlier this month announcing it had passed the 90% limit necessary to start compulsory acquisition of all outstanding shares.

Last month Auckland-headquartered Vector announced its full takeover bid for the 32.79% of NGC it did not already own, offering NZ$3.40-per-share made up of a NZ$2.62 Vector IPO share plus NZ$0.78 cash. Vector shares, which listed two weeks ago, were today trading around the NZ$3.17 level.