J-Power's $258 mln bid for Genex Power passes on proxy votes, Genex says

Genex Power

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;))