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Contact Energy Limited ( (COENF) ) just unveiled an announcement.
Contact Energy Limited, a key player in the energy sector, has experienced a significant change in its substantial holding as Infratil Limited and Infratil Investments Limited have increased their stake in the company. This movement was facilitated through an agreement with TECT Holdings Limited, resulting in Infratil acquiring an additional 48,901,363 ordinary shares in Contact Energy Limited. This acquisition increases Infratil’s holding from 9.467% to 14.299%, potentially strengthening its influence and control over Contact Energy’s operations.
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