21st Oct 2014 07:30
LONDON (Alliance News) - IGas Energy PLC Tuesday said the UK Competition and Markets Authority has given its acquisition of Dart Energy Ltd the green light.
During September, IGas recieved clearance from the New South Wales government and the Supreme Court of Queensland to purchase Dart Energy.
The IGas offer for Dart, announced in May, offered GBP117.1 million in shares to Dart shareholders, meaning they will hold around 30.5% of the new company.
IGas shares traded at 75.74 pence per share at the close of Monday.
By Joshua Warner; [email protected]; @JoshAlliance
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