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Carnegie says waving, not drowning

CARNEGIE Clean Energy is hoping to salvage some of its recent shipwreck after calling in the administrators last week, saying yesterday its shareholder and director Grant Mooney may use his associated company Mooney & Partners to fund the voluntary administration.

Helen Clark
Carnegie says waving, not drowning

It said it will find a way to sell or shut down subsidiary Energy Made Clean, which it unsuccessfully tried to sell to Tag Pacific last year, as it works out a way to recapitalise its core wave energy...

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