Marlborough Lines at 9.24 pc

Marlborough Lines is inching closer to its goal of owning 10.1 per cent of Horizon Energy Distribution.

A notice to NZX today discloses it has a 9.24 per cent stake.

Marlborough Lines is using First NZ Capital to stand in the market to buy shares.

The stand is at $4.06 now the record date for a 9c a share dividend has passed.