Contact completes the sale of Rockgas
Contact Energy Limited. Level 2 Harbour City Tower, 29 Brandon St, Wellington 6011. PO Box 10742 Wellington 6143.
P: +64 4 499 4001 F: +64 4 499 4003 contactenergy.co.nz
30 November 2018
Contact completes the sale of Rockgas
Contact Energy (Contact) has completed the sale of Rockgas Limited (Rockgas) to Gas
Services New Zealand, an associate of First Gas Limited.
Rockgas holds what was previously referred to as Contact’s LPG business as well as 50%
of the issued shares in Rockgas Timaru Limited¹ and an 8.5% investment in Liquigas
Limited².
Net transaction proceeds will be applied to the reduction of debt.
As announced, Rockgas and Contact have entered into a marketing alliance to promote and
cross-sell their respective LPG and electricity products. Contact will provide support
services, including call centre, billing and credit control services to Rockgas for mass market
customers for an annual fee of $2 million.
For further information please contact:
Investor enquiries:
Matthew Forbes
Investor Relations Manager
+64 21 072 8578
Media enquiries:
Andrew Austin
Communications Advisor
+64 21 644 167
1 Rockgas Timaru is a Joint Venture with Alpine Energy Limited
2 Liquigas is a provider of LPG storage facilities and transport and logistics services in New Zealand
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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