Australia's Mpower Group rises on starting sale process for solar project
04/06/2024 03:21
** Shares of Mpower Group MPR.AX rise as much as 8.3% to
A$0.013, set for best day since Jan. 11 - if gains hold
** Power solutions firm commences sale process for Lakeland
Solar & Storage Project (QLD) to recycle capital for future
portfolio expansion
** Says proposed acquisition of Mangalore Renewable Energy
Project (VIC) discontinued
** About 285,100 shares change hands, compared with the
30-day average volume of 163,907
** Stock down 40% this year, as of last close
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.Kumar@thomsonreuters.com;))