Infratil acquires TECT's stake in Contact Energy

(Image: NZME)

AI Generated

Mon, 20 Oct 2025

Infratil has announced a deal to acquire TECT Holdings' 4.92% shareholding in Contact Energy for $437.7 million.The purchase price, which amounts to $8.95 per share, will be funded through a combination of existing debt capacity and the issuance of new Infratil shares to TECT.Following the completion of the deal, Infratil's shareholding in Contact will increase to 14.3%, up from 9.4%.Infratil Chief Executive Jason Boyes said the transaction is a win-win for both parties.“TECT’s decision to diversify created a natural opportu...

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