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Genesis Energy to float 1.33 mln shares at BSE on Friday

Hungarian solar panel maker Genesis Energy will float 1.33 million ordinary shares at the Budapest Stock Exchange on Friday, April 2, the company reported.

The shares have a nominal value of HUF 500 each, and had been issued in a private placement related to a planned share swap in which US-registered Genesis Solar Corporation, earlier Cogenco, will acquire three Genesis Energy units.

Genesis Energy shares trade in the B-category at the Budapest Stock Exchange. (MTI – Econews)