Contact Energy Boosts Renewables with Manawa Buyout

Contact Energy Limited (COENF) has released an update.

Contact Energy Limited is set to enhance its renewable energy footprint with the purchase of Manawa Energy Limited, aiming for a diversified, resilient energy portfolio across New Zealand. The acquisition, which will be executed through a court-approved Scheme of Arrangement, offers Manawa shareholders a mix of Contact shares and cash consideration. This strategic move, pending regulatory approval, promises to bolster Contact’s capacity to manage energy demands and advance the country’s energy transition.

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