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Contact’s purchase of Rockgas completed
30 April 2007
Contact’s purchase of Rockgas completed
Contact Energy’s purchase of the Rockgas LPG business from Origin Energy was completed today, 30 April 2007.
On 6 March 2007 Contact announced it would purchase Rockgas, subject to certain conditions precedent including approval from the Overseas Investment Office. That approval has been secured, and effective from 1 May 2007, Contact is the new owner of Rockgas.
Contact Energy Chief Executive, David Baldwin, said he was delighted with the completion of the purchase, and that work would now begin on integrating the two companies.
“This acquisition presents strong growth opportunities for both Contact and Rockgas, and our first targeted campaign offering both electricity and LPG to consumers will begin almost immediately,” he said.
ENDS
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