Why contact energy has sought $400 million?

$400 million is being sought by Contact Energy Limited in an equity raise slated to begin today (15 February 2021). The funds will be used to lower the Company’s debt and provide the means to initiate the construction of the Tauhara thermal energy plant. The raise consists of a $325 million institutional placement (underwritten) as well as a $75 million retail offer for existing shareholders (not underwritten).

* Seeka Settles Class Action With Crown Seeka Limited has announced that they have settled their class-action suit against the Crown. The class action was in relation to the outbreak of the plant bacterium PSA that affected kiwifruit growers in NZ a decade ago. Seeka alleges that the Government acted negligently in allowing the bacterium to enter the country.

* SkyCity Entertainment reacts to NZ’s 3-day lockdown SkyCity Entertainment Group Limited has announced the measures they will be taking in reaction to the lockdown orders stated by the NZ Government yesterday evening. On 15 February, at the time of writing, SKC shares were trading at $2.930, down 1.35% since the market opened this Monday morning.

The website https://kalkinemedia.com/nz is a service of Kalkine Media New Zealand Limited (Kalkine Media), Company Number: 8107196. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK