Vector cleared to buy Contact Energy’s gas metering business for $63M

Sun, 28 Apr 2013

April 29 (BusinessDesk) – Vector has won regulatory clearance to acquire Contact Energy’s gas metering business for $63 million in a deal that merges the two largest suppliers of metering services on the North Island’s reticulated natural gas distribution network. “Based on the information and evidence provided by the parties and our own investigation and analysis, it appears that there is limited competition between Vector and Contact and other market participants for the supply of gas metering services,” said Commerce Commission chairman Dr...

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