Energy One Receives FIRB Approval for Fluxys Acquisition
Key points
- FIRB approves Fluxys acquisition of 18.26% interest in Energy One
- Acquisition of GMSL by Fluxys pending shareholder approval
- Extraordinary general meeting scheduled for October 15, 2026
Full summary
Energy One Limited (ASX:EOL) has received written notice from the Foreign Investment Review Board (FIRB) that the Commonwealth Government has no objection to Fluxys UK Limited acquiring up to an 18.26% interest in Energy One. This follows the announcement on August 19, 2026, of a binding agreement for Fluxys to acquire 100% of Gas Management Services Limited (GMSL). The acquisition is subject to shareholder approval, which will be sought at an extraordinary general meeting on October 15, 2026.
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