Contact Energy gets green light to acquire Manawa Energy

(Image: Manawa Energy)

Wed, 07 May 2025

The Commerce Commission has granted clearance for Contact Energy to acquire up to 100% of the shares in Manawa Energy.Contact issued a $1.86 billion scheme to take over Manawa in September 2024.ComCom said it considered the potential impact of the proposed acquisition on the wholesale supply of physical electricity and the supply of shaped hedges (contracts that reduce financial exposure to electricity spot market prices during certain periods).These are the two main areas of overlap between Contact and Manawa.'Looked carefully'After in...

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