A PYMNTS Company

New Zealand: Gas metering company buyout merges market leaders

By  |  April 29, 2013

The Commerce Commission of New Zealand has approved of a deal that combines the two largest gas metering companies on the North Island. Vector Limited will buy Contact Energy Limited’s natural gas metering operations after the regulator found the deal would not harm competition in concerned markets. Financial details of the transaction were not disclosed. Despite the approval, the Commission has noted that it may initiate a study into gas metering services to more thoroughly determine whether competition would be limited by the deal; if need be, the Commission may appeal the case to the Minister of Commerce.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Scoop Independent News

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.