Politics the big unknown in Contact’s $1.86b deal
One analyst sees an 80% chance of ComCom approval for Contact’s Manawa buy, another sees 50%. Both see political point scoring as the main risk.
Contact Energy’s Clyde dam on the Clutha River.
Analysts at Forsyth Barr and Craigs see the chances of Contact Energy completing its purchase of hydro generator Manawa at 50% and 80% respectively, although both see political risk as the main obstacle.
On September 11, Contact announced a deal to buy Manawa for a mix of cash and shares valuing
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