Energy One Says Australian Government Has No Objection to Fluxys Taking Up to 18.26% Stake
MT Newswires Live
5 hours ago
Energy One (ASX:EOL) said it has been notified by Fluxys UK that the Commonwealth Government has no objection to Fluxys acquiring up to an 18.26% interest in Energy One, as part of its proposed acquisition of Gas Management Services, according to a Friday Australian bourse filing.
The nod satisfies the Foreign Investment Review Board approval condition of the acquisition agreement, the company said.
Completion remains subject to Energy One shareholder approval, which is being sought at an extraordinary general meeting on Oct. 15, and is the final positive condition to completion, Energy One added.
The company's shares rose 2% in recent Friday trade.
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