20 Oct 2010

E-Gas group in liquidation

7:25 am on 20 October 2010

The E-Gas Group which supplies natural gas to more than 7000 thousand customers in the North Island has been placed into liquidation.

The company says it faced increasingly difficult trading conditions and increasing operational costs.

Its shareholders appointed Stephen Tubbs, Brian Mayo Smith and Jeff Hart of BDO Chartered Accountants as liquidators.

The liquidators say they have already received expressions of interest from potential purchasers.