Infratil Investments Sells Shares in Contact Energy
Key points
- Infratil Investments selling 53.5 million shares in Contact Energy
- Macquarie Securities (NZ) Limited underwriting the sale
- Sale expected to settle on 25 May 2026
- Infratil Investments to hold 14.081% after sale
- Infratil to maintain control over voting rights
Full summary
Infratil Investments Limited, a subsidiary of Infratil Limited, is selling 53.5 million ordinary shares in Contact Energy Limited through Macquarie Securities (NZ) Limited. The sale, expected to settle on 25 May 2026, will reduce Infratil Investments' stake from 14.299% to 14.081%. Infratil Limited will maintain control over voting rights attached to 20% or more of the voting products of Infratil Investments. The sale is conducted under an agreement between Infratil Investments and Macquarie Securities, with Macquarie agreeing to underwrite and guarantee the sale of any shortfall shares.
Guidance
Infratil Investments to hold 14.081% after sale, Infratil to maintain control over voting rights
Outlook
The sale is expected to settle on 25 May 2026, with Macquarie Securities underwriting the transaction.
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