Genesis Energy Completes NZ$100 Million Institutional Placement

MT Newswires Live

02/24

Genesis Energy (NZE:GNE, ASX:GNE) completed the NZ$100 million placement component, as part of NZ$400 million capital raise, according to a Tuesday filing with the New Zealand and Australian bourses.

The new shares are expected to settle Feb. 26 on the Australian Stock exchange and Feb. 27 on the New Zealand Stock Exchange, the filing said.

Shares of the company fell 4% in recent Tuesday trade in New Zealand.

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