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MARKETS

Genus takes Blue Tongue Energy

ENERGY infrastructure business GenusPlus Group has acquired Western Australian renewables play Blue Tongue Energy for a humble $500,000 cash, growing its exposure in the state's downstream energy market.

paul hunt
Photo by <a href="https://unsplash.com/@davidclode?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">David Clode</a> on <a href="https://unsplash.com/photos/droNi2hNjd0?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Unsplash</a>

Photo by <a href="https://unsplash.com/@davidclode?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">David Clode</a> on <a href="https://unsplash.com/photos/droNi2hNjd0?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Unsplash</a>

  ASX-listed GenusPlus already holds 50% of Blue Tongue when it took the significant stake back in 2021 but will take the remaining 50% in a deal that will close in the coming weeks. The acquisition...

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