Origin Energy says it remains committed to Contact

Mon, 08 Jun 2015

By Pattrick Smellie June 9 (BusinessDesk) - Contact Energy's majority shareholder, Origin Energy, says its investment in the local power company "continues to form a key part of our Australasian energy markets business" amid speculation among New Zealand investors that this month's 50 cents-per-share special dividend signals potential exit from the stake Origin has built up since 2003. Contact fell 8.4 percent to $5.57 yesterday as the shares went ex dividend ahead of the $367 million June 23 payout, which will largely exhaust available...

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