Brief: Genie Energy says company's unit entered into agreement with partner to launch JV offering electricity, natural gas service to customers in UK
20/07/2017 22:12
July 20 (Reuters) - Genie Energy Ltd GNE.N
* Genie Energy - On July 17, unit entered into agreement
with partner to launch JV offering electricity, natural gas
service to customers in UK
* Genie Energy - Unit is committed to provide JV with
£985,000 in initial funding including £75,000 was provided on
signing of agreement - SEC Filing
* Genie Energy - Funding could increase to £6 million
between launch of JV and August 1, 2018 contingent on
achievement of performance based milestones
Source text: [http://bit.ly/2vG1G5V]
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