Australia's Locality Planning Energy gains on PowerHub acquistion deal

Locality Planning Energy Holdings

13/08/2026 02:35

** Shares of Australia's Locality Planning Energy LPE.AX  jump as much as 16.7% to A$0.105, hitting their highest level since April 20
** Electricity provider enters into a share sale agreement to acquire Brisbane-based energy retailer PowerHub 
** LPE says deal is valued at A$5.8 million  ($4.10 million)
** Stock down 4.6% YTD, including session's moves

   
($1 = 1.4162 Australian dollars)

 (Reporting by Shravya Marakini in Bengaluru)
 ((shravya.marakini@thomsonreuters.com;))