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Contact to buy Manawa for $1.86b

Cash and scrip deal at 48% premium is supported by Manawa shareholder Infratil.

Manawa Energy has 25 hydro schemes with a total capacity of 500MW.

NBR Staff Wed, 11 Sep 2024

Contact Energy will buy hydro generator Manawa Energy for $1.86 billion in a cash and scrip deal supported by Manawa’s controlling shareholder Infratil.

The agreed scheme of arrangement announced to the NZX this morning offers Manawa shareholders cash of $1.16 a share, or $363 million, plus 0.5719

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NBR Staff Wed, 11 Sep 2024
Contact the Writer: editor@nbr.co.nz
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Contact to buy Manawa for $1.86b
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