Manawa takeover: letter of the law or the 'vibe of the thing'

Manawa takeover: letter of the law or the 'vibe of the thing'
Commerce Commission chair John Small. (Image: Supplied)
Ian Llewellyn
Analysts and the market’s estimation of a high probability that the Contact Energy takeover of Manawa Energy will get regulatory approval seems to fly in the face of the regulators and Government statements.However, Contact’s chief executive, Mike Fuge, is adamant that the deal is in the best interests of the companies, the market, and the country.Manawa Energy recently reported a shocker half-year result, but the bigger question is whether the Commerce Commission will allow Contact to take over its smaller competitor.The...

More Markets

NZ sharemarket rises ahead of interest rate decision
Markets Market close

NZ sharemarket rises ahead of interest rate decision

The S&P/NZX 50 Index closed at 12,765.24, up 28.18 points or 0.22%.

IkeGPS revenue shows sparks for subscriptions play
Markets

IkeGPS revenue shows sparks for subscriptions play

Despite a $7m net loss, subscription revenue grew 28%.

Ben Moore 12:00pm
My Food Bag profitability up, customer numbers dip
Retail

My Food Bag profitability up, customer numbers dip

Company expects market conditions to remain challenging in the second half.

Aft takes $6.5m hit on doctor strike and destocking
Markets

Aft takes $6.5m hit on doctor strike and destocking

Income in international markets affected by two events.