Contact may sell metering business

My father retired about ten years ago from...Contact Energy. In fact, he worked on logic and displays for metering systems. Interesting to here that this business is potentially worth $100M. $100M? Doesn't this seem like an awful lot of money for a metering business?

Contact Energy has confirmed it is testing interest in its metering business from other market players. Contact communications manager Jonathan Hill said that the company had periodically looked at divesting its metering business, which it did not see as a core activity for an electricity generator and retailer.

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