Contact Energy announces $525m capital raise
Electricity generator and retailer reports record half-year result.
Contact’s results included earnings from Manawa Energy for the first time.
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Contact Energy has announced a $525 million equity raise to fund further investments in renewable generation.
The share offer is structured as an underwritten $450m placement to institutions at $8.75 a share, representing an 8.8% discount on Friday’s closing price, and a non-underwritten $75m
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