AUSTRALIA

Geothermal takeover nears completion

GEODYNAMICS' friendly off-market takeover offer for geothermal player KUTh Energy was declared unconditional yesterday, with its stake reaching 88.34% this morning.

"This means that Geodynamics will acquire all of the KUTh shares for which it has received acceptances and KUTh will become a subsidiary of Geodynamics," the Cooper Basin geothermal pioneer said. The...

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