New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Based on the Commerce Commission's (ComCom) Mergers &amp; Acquisitions (M&amp;A) guidelines, and our analysis of the wholesale electricity market, we believe that Contact Energy's (CEN) proposed acquisition of Manawa Energy (MNW) is likely to be approved.</li><li>However, it is not a fait accompli, given the political and regulatory scrutiny the sector is currently under and the perception of reduced competition.</li><li>We lift the probability that the deal will be cleared to 70% (from 50%). </li></ul>

Based on the Commerce Commission's (ComCom) Mergers &amp; Acquisitions (M&amp;A) guidelines, and our analysis of the wholesale electricity market, we believe that Contact Energy's (CEN) proposed acquisition of Manawa Energy (MNW) is likely to be approved.However, it is not a fait accompli, given the political and regulatory scrutiny the sector is currently under and the perception of reduced competition.We lift the probability that the deal will be cleared to 70% (from 50%). 

Contact Energy - Watts on the ComCom’s Mind