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Contact Energy's bid to acquire Manawa sparks antitrust concerns in New Zealand

( December 20, 2024, 02:44 GMT | Official Statement) -- MLex Summary: Electricity wholesaler Contact Energy’s attempt to acquire 100 percent shares of Manawa Energy has raised concerns from New Zealand’s competition regulator. In a media release today, the New Zealand Commerce Commission said it would be issuing a statement of issues outlining and seeking feedback on potential competition concerns arising from the proposed acquisition following the regulator’s initial probe. Both Manawa, formerly known as Trustpower, and Contact are generators and wholesalers of electricity in New Zealand. The regulator has moved its decision date from Dec. 24, 2024 to March 31, 2025.The full statement from New Zealand’s Commerce Commission follows:...

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