Brief: Genie Energy Nears Completion Of Strategic Transition To Retail Energy Business Model

Genie Energy

06/09/2018 13:41

Sept 6 (Reuters) - Genie Energy Ltd  GNE.N :
    * GENIE ENERGY NEARS COMPLETION OF STRATEGIC TRANSITION TO
RETAIL
ENERGY BUSINESS MODEL
    * FINALIZED AGREEMENT TO SELL SIGNIFICANT STAKE IN ON-SHORE
DRILLING SERVICES VENTURE ATID DRILLING, TO ITS CHAIRMAN AND
ATID'S MANAGEMENT
    * DEAL ENABLES GENIE TO SUBSTANTIALLY REDUCE WIND-DOWN COSTS
OF
ITS OIL AND GAS TECHNOLOGY PROGRAM

Source text for Eikon:  ID:nPn3FMZtDa 
Further company coverage:  GNE.N 

 ((Reuters.Briefs@thomsonreuters.com;))