Scoop has an Ethical Paywall
Contact Energy Disposes Of E://Volution E-Business
12 May 2004
MEDIA RELEASE
Contact Energy Disposes Of E://Volution E-Business Interests
Contact Energy has disposed of all its interests in online procurement business e://volution E-Business Limited.
Since acquisition, the results of e://volution have not been material in relation to the Contact Energy Group. The disposal will have a negative $300,000 after tax impact on the net surplus for the year ended 30 September 2004.
The 30 percent shareholding in e://volution was sold to Dynamic Commerce Limited for an undisclosed sum.
Contact took the decision to dispose of the shareholding as the investment no longer fits with Contact’s business model. Contact is continuing to use online procurement services from e://volution in its own operations.
ENDS
Financial Markets Authority: FMA Seeks Clarity From High Court On Use Of Eligible Investor Certificates In Wholesale Investment Sector
Scion: Scion’s Novel Internship Model Connects Talent With Industry
Financial Markets Authority: Westpac Admits To Misleading Representations That Resulted In $6.35m In Overcharges
Bill Bennett: Download Weekly - Review Of 2024
Bill Bennett: One NZ scores worldwide first as Starlink direct-to-mobile launches
Hugh Grant: How To Reduce Network Bottlenecks
