Australia's Frontier Energy jumps on plan to buy Waroona Energy
04/09/2023 05:44
** Shares of Frontier Energy FHE.AX up 8.6%, set for best
day since July 26, if gains hold
** Electric utilities co to acquire all shares of Waroona
Energy WHE.V it does not already hold
** Exchange ratio: 1 FHE share for every 4.27 Waroona shares
** FHE says deal aims to create a large-scale Australian
renewable energy company
** Stock's gains cuts YTD losses to about 15.5%
(Reporting by Shivangi Lahiri in Bengaluru)
((Shivangi.Lahiri@thomsonreuters.com;))
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