J-Power's $258 mln bid for Genex Power passes on proxy votes, Genex says
16/07/2024 24:53
SYDNEY, July 16 (Reuters) - Japan's Electric Power
Development's (J-Power) 9513.T A$381 million ($257.56 million)
buyout of Australia's Genex Power GNX.AX has been approved on
proxy votes, according to a Genex announcement on Tuesday.
J-Power had offered 27.5 Australian cents per share for the
renewable energy firm in which it already owns 7.7%.
(Reporting by Scott Murdoch; Editing by Muralikumar
Anantharaman)
((Scott.Murdoch@thomsonreuters.com;))