(EnergyAsia, June 30) — The proposed merger between Australian energy retailer Origin Energy Ltd and its 51.4%-owned New Zealand subsidiary, Contact Energy Ltd, has been called off due to a lack of support from Contact shareholders. In announcing the deal’s collapse, Origin chief executive Grant King said Contact’s institutional shareholders rejected the proposal that…
AUSTRALIA: Origin Energy, Contact Energy call off merger plans
Posted on June 30, 2006 by EnergyAsia