Opinion divided over Genesis' move on ChargeNet

ChargeNet has the largest share of an embryonic market. (Image: NZME)

Fri, 04 Oct 2024

Genesis Energy’s move to take a majority stake in electric vehicle charging company ChargeNet has met with a mixed reaction from analysts.Forsyth Barr described the $64 million bid for a 65% stake in ChargeNet as a “poor strategic move”, while Jarden described it as a “positive” step.ChargeNet operates more than 400 public fast-charging points across the country, the most of any one company in the area.The analysts at Forsyth Barr were sceptical about the benefits of the deal that seemed “highly likely and im...

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