New Zealand delays decision on $2 billion energy merger due to competition concerns.

The Commerce Commission in New Zealand has delayed its decision on Contact Energy's proposed $2 billion acquisition of Manawa Energy, both major electricity generators and wholesalers. The regulator will release a Statement of Issues outlining competition concerns and will invite public submissions before deciding by March 31, 2025. The decision aims to ensure the merger won't significantly reduce competition in the market.

3 months ago
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