Genex Power Ltd. (AU:GNX) has released an update.
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Genex Power Limited has announced the receipt of FIRB approval for J-POWER’s proposed acquisition of the company, satisfying a major condition for the scheme and simultaneous takeover offer to proceed. While this key regulatory hurdle has been cleared, the completion of the deal still hinges on Genex shareholder and court approvals, among other conditions. Genex Power, known for its extensive renewable energy portfolio, including the flagship Kidston Clean Energy Hub, continues its growth trajectory in the Australian market.
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