Reuters logo
a month ago
BRIEF-Genie Energy says company's unit entered into agreement with partner to launch JV offering electricity, natural gas service to customers in UK
July 20, 2017 / 9:22 PM / a month ago

BRIEF-Genie Energy says company's unit entered into agreement with partner to launch JV offering electricity, natural gas service to customers in UK

July 20 (Reuters) - Genie Energy Ltd

* Genie Energy - On July 17, unit entered into agreement with partner to launch JV offering electricity, natural gas service to customers in UK

* Genie Energy - Unit is committed to provide JV with £985,000 in initial funding including £75,000 was provided on signing of agreement - SEC Filing

* Genie Energy - Funding could increase to £6 million between launch of JV and August 1, 2018 contingent on achievement of performance based milestones Source text: [bit.ly/2vG1G5V] Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below