UAC Energy increases stake in Infigen Energy (ASX:IFN)

Company News

by Rachael Jones

UAC Energy released a bidders statement today increasing its stake in Infigen Energy (ASX:IFN) urging shareholders to accept its 80 cent stapled security offer.

As at the date of this Bidder’s Statement, UAC has a relevant interest in up to 13.40 per cent of the Infigen Stapled Securities on issue.

Infigen has so far recommended shareholders take no action in relation to the bid.

Shares in Infigen Energy (ASX:IFN) are trading 0.61 per cent lower at 81 cents.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.