Genesis takes majority stake in ChargeNet for $64m
Deal will help accelerate EV charging infrastructure expansion in New Zealand.
ChargeNet chief executive Danusia Wypych.
Energy company Genesis is taking a majority shareholding in EV infrastructure provider ChargeNet for $64 million.
As part of the agreement, Genesis will acquire 65% in the company, which included a “significant investment” in the charging infrastructure business to fund its near-term growth.
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