2 July 2013
Contact Energy completes sale of gas metering business to Vector
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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Origin expects to recognise non-cash charges for FY2021 and issues guidance for FY2022
Origin Energy Limited (Origin) expects to recognise non-cash post-tax charges of $2,247 million in its FY2021 Statutory Income Statement to be released with its full-year results on 19 August 2021. Origin has also issued guidance for FY2022.