NZ's Contact Energy rises to 2-1/2-week high after Infratil raises stake
20/10/2025 04:01
** Shares of Contact Energy CEN.NZ rise as much as 1.6% to NZ$9.19, their highest level since October 2 ** The infrastructure investor Infratil IFT.NZ says it will buy an additional 4.92% stake in the energy co for NZ$437.7 million ($251.28 million) ** Deal raises IFT's stake in co to 14.3% ** YTD, CEN shares down 3.8% ($1 = 1.7419 New Zealand dollars) (Reporting by Nichiket Sunil in Bengaluru) ((Nichiket.Sunil@thomsonreuters.com))
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