Contact Energy Limited ( (COENF) ) has shared an update.
Contact Energy Limited has received clearance from the New Zealand Commerce Commission for its proposed acquisition of Manawa Energy Limited, marking a significant milestone in the company’s strategy to support New Zealand’s energy transition. The acquisition, which is expected to be implemented by July 2025, aims to enhance market security and reduce wholesale prices in the long term, pending several conditions including court and shareholder approvals.
More about Contact Energy Limited
Contact Energy Limited is a key player in the New Zealand energy sector, focusing on electricity generation and retailing. The company is committed to supporting the country’s energy transition by investing in future generation capacity and enhancing market security.
Average Trading Volume: 11,076
Technical Sentiment Signal: Buy
Current Market Cap: A$6.78B
For detailed information about COENF stock, go to TipRanks’ Stock Analysis page.