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Contact Energy Limited ( (COENF) ) has issued an update.
Contact Energy Limited has announced a significant development involving Infratil Limited and Infratil Investments Limited, which have disclosed a substantial holding of 9.467% in Contact Energy’s ordinary shares. This development follows the implementation of a scheme of arrangement where Contact Energy acquired all shares in Manawa Energy Limited, with Manawa shareholders receiving cash and new Contact shares. This acquisition and the resulting substantial holding by Infratil could impact Contact Energy’s market positioning and shareholder dynamics.
More about Contact Energy Limited
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