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Contact Energy Limited ( (COENF) ) just unveiled an announcement.
Contact Energy Limited announced its progress in acquiring Manawa Energy Limited, with the New Zealand Commerce Commission assessing the competitive impacts of the transaction. The acquisition aims to create a stronger, more resilient electricity company with complementary hydro assets that will diversify Contact’s generation portfolio and improve risk management. The Commission is expected to make a decision by the end of March 2025, and Contact plans to implement the scheme by mid-2025.
More about Contact Energy Limited
Contact Energy Limited is a company in the energy sector, primarily focused on electricity generation and retail services in New Zealand. The company aims to offer a diversified generation portfolio, including hydroelectric assets, to enhance its market position and manage risks associated with seasonal variations in electricity supply.
YTD Price Performance: -2.34%
Average Trading Volume: 1,899
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.19B
Find detailed analytics on COENF stock on TipRanks’ Stock Analysis page.
