Manawa takeover: Contact pushes back against regulator’s arguments

Contact is the second-biggest gentailer: its assets include the Roxburgh dam. (Image: NZME)

Wed, 12 Mar 2025

Contact Energy is pushing back against the regulator’s claim its proposed takeover of Manawa Energy will reduce competition, saying it must follow the law as it is written.The second-biggest electricity generator/retailer has made a $1.8 billion cash and shares offer for Manawa, the fifth-largest generator in the country.It is far smaller than the four major gentailers and has no retail customers after the company, then called Trustpower, sold its retail base to Mercury for $467 million.In February, the Commerce Commission poured cold wat...

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