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The latest announcement is out from Health and Plant Protein Group Limited ( (AU:HPP) ).
Health and Plant Protein Group Limited (HPP) has announced a binding bid implementation agreement to acquire Red Earth Energy Storage Ltd (REES) by exchanging shares. This strategic move aims to leverage REES’s expertise in local battery manufacturing and advanced energy market software, aligning with the Australian government’s solar battery rebate program. The merger, valued at A$40 million, will result in HPP shareholders holding approximately 17.5% of the new entity, with plans to apply for ASX listing by Q1 2026. This acquisition is part of HPP’s strategy to enhance shareholder value through acquisitions and strategic partnerships.
More about Health and Plant Protein Group Limited
Health and Plant Protein Group Limited (HPP) operates in the health and plant-based protein industry, focusing on providing innovative solutions and products in this sector.
Technical Sentiment Signal: Sell
Current Market Cap: A$5.16M
Find detailed analytics on HPP stock on TipRanks’ Stock Analysis page.