Origin revealed on Tuesday it was entering into an underwriting agreement to sell its stake Contact at a fixed rate of NZ$4.56 per share (US$2.99) which will see it raise roughly NZ$1.8 billion in net proceeds which it will use to repay debt.
In a separate statement on Tuesday, Contact said it expected Origin's shareholding to be sold to a broad range of Australian, New Zealand and international equity market institutional investors and New Zealand retail investors.
“Today’s
