Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Contact Energy Limited ( (COENF) ) just unveiled an announcement.
Contact Energy Limited has completed the acquisition of Manawa Energy Limited, marking a significant step in the New Zealand energy market. This acquisition is expected to enhance Contact’s ability to invest in future generation capacity, improve market security, and contribute to reducing wholesale energy prices over the long term. Additionally, Contact plans to redeem Manawa’s listed bonds, with further details to be announced shortly.
More about Contact Energy Limited
Contact Energy Limited operates in the energy sector, primarily focusing on electricity generation and natural gas. The company is a key player in the New Zealand energy market, aiming to enhance energy security and contribute to the country’s energy transition.
See more insights into COENF stock on TipRanks’ Stock Analysis page.