Toro Energy Says FIRB Approval Condition Satisfied for Acquisition by IsoEnergy; Shares Fall 5%

MT Newswires Live

2025/12/30

Toro Energy (ASX:TOE) said it received written confirmation that the Australian government has no objection to the scheme of arrangement for the proposed acquisition of the firm by IsoEnergy, according to a Tuesday Australian bourse filing.

The receipt of the "no objection" letter satisfies the condition precedent in the scheme relating to Foreign Investment Review Board (FIRB) approval.

The company's shares fell almost 5% in recent trading on Tuesday.

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