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

Commerce Commission chair John Small. (Image: Supplied)

Fri, 15 Nov 2024

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...

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