Infratil Buys Additional 4.92% Stake in Contact and Issues New Shares to TECT
Infratil Limited has acquired a 4.92% stake in Contact Energy Limited from TECT Holdings for $437.7 million, equating to $8.95 per share. The purchase will be financed through $218.8 million in existing debt and the issuance of new shares worth $218.8 million to TECT at $12.43 per share. This follows Infratil's earlier sale of its 51% stake in Manawa Energy to Contact for approximately NZ$186 million in cash.
Infratil Limited has agreed to acquire TECT Holdings’ (formerly the Tauranga Energy Consumer Trust) 4.92% shareholding in Contact Energy Limited for a total purchase price of $437.7 million, or $8.95 per share. The transaction will be funded through $218.8 million in existing debt capacity and the issuance of $218.8 million of new Infratil shares to TECT at $12.43 per share. Earlier, Infratil completed the sale of its 51% stake in Manawa Energy to Contact in July 2025 for approximately NZ$186 million in cash and its current shareholding in Contact. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Infratil Limited published the original content used to generate this news brief on October 19, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
