Contact Energy advises that it has completed the sale of its gas metering business to Vector group company, Advanced Metering Assets ("AMA"), for NZ$59.9 million.
The deal, first announced on 25 October 2012, is part of an ongoing programme at Contact to focus on its core businesses.
Dennis Barnes, Contact’s Chief Executive said that "we are pleased to have concluded this sale with Advance Metering Assets. AMA is a specialist provider of metering services, which will ensure that our gas customers will continue to receive a high quality service."
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