Manawa shares sag with Contact deal odds

Battling on: Contact Energy's Mike Fuge. (Image: Supplied)

Fri, 07 Feb 2025

Shares in renewable electricity generator Manawa Energy shed 5.1% of their value in early New Zealand Exchange trading as investors cut the odds on Contact Energy successfully taking it over following a negative Commerce Commission report.The competition watchdog issued a Statement of Preliminary Issues late on Wednesday, identifying four areas of concern, particularly the potential loss of Manawa’s incentives to offer “shaped hedge” products in the wholesale electricity market.On Friday – the first opportunity for Manaw...

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