Origin to sell Contact Energy stake

  • 04/08/2015
Origin to sell Contact Energy stake

Majority shareholder Origin Energy is to sell its stake in Contact Energy.

Origin, which owns 53.1 percent of the Wellington-based electricity generator-retailer and owner of gas distribution and LPG businesses, said it had agreed to sell all of its 389,314,921 shares in Contact.

Trading in Contact shares has been halted on the NZX and the sale is due to be completed on Wednesday.

Shares in the company last traded at $5.02.

NZN