UK’s Drax to Full Pinnacle Renewable Buy on April 13

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The Supreme Courtroom of British Columbia had granted the ultimate order for the acquisition on April 6, Drax mentioned.

This meant all of the situations to finish the acquisition had now been happy or waived, it added.

Drax and Pinnacle shareholders have authorised the transaction.

Pinnacle Renewable Power produces sustainable gasoline for renewable electrical energy era and the deal values the corporate at C$741 million ($588 million) together with debt.

(Reporting by Nora Buli; modifying by Jason Neely)



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