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.
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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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