TPC Consolidated Limited ( (AU:TPC) ) has issued an update.
TPC Consolidated Limited has announced an extension to the Sunset Date in its Scheme Implementation Agreement with Wollar Solar Holding Pty Ltd, a subsidiary of Beijing Energy International. This extension, which moves the date for FIRB approval to 30 April 2025 and other conditions to 31 August 2025, allows more time for necessary approvals and adjustments to the agreement. The extension indicates ongoing negotiations and adjustments in the acquisition process, which could impact the company’s strategic positioning and stakeholder interests if the conditions are not met by the new deadlines.
More about TPC Consolidated Limited
TPC Consolidated Limited is an Australian-based company that owns and operates CovaU, a leading electricity and gas retailer. CovaU offers competitively priced energy products to both household and business customers across most Australian states and territories. The company is focused on expanding its market presence in the energy segment of the Australian utilities sector, with a particular emphasis on renewable energy products to support decarbonization efforts.
YTD Price Performance: 4.90%
Average Trading Volume: 131
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €60.44M
For an in-depth examination of TPC stock, go to TipRanks’ Stock Analysis page.