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Investors not yet sold on Pacific power play

Australian mine-power company buys rival in US$70M deal

Staff reporter
Panoramic Resources' Pacific Energy power plant in Western Australia

Panoramic Resources' Pacific Energy power plant in Western Australia

Pacific Energy (ASX: PEA) went into a trading halt Thursday and subsequently announced the deal to buy Leon Hodges' CPG. The two power-set providers had been "healthy competitors for over two decades",...

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