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PannErgy seeks to turn unit into holding company

Alternative energy company PannErgy on Wednesday said it decided to transform its unit PannErgy Polifin from a limited liability company into a private company limited by shares on December 31.

PannErgy aims to turn PannErgy Polifin into a holding company for joint ventures set up with local councils to explore for geothermal energy and harness it, the company said. (MTI-ECONEWS)