-- Contact Energy (ASX:CEN, NZE:CEN) has applied to quote about 5 million ordinary shares issued in connection with its acquisition of an additional stake in King Country Energy, according to a Friday filing with the Australian bourse.
Contact Energy purchased the remaining roughly 25% interest in King Country to take full ownership of the renewable energy firm.
The consideration of NZ$47 million was paid to the trustees of King Country Trust through the issuance of the new shares.