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Power specialists Wasabi Energy, of Melbourne, Australia, has completed its purchase of 100 per cent of Global Geothermal Ltd.
It comes as the company finalised its purchase of a 4.4 per cent minority stake in Exergy by issuing 50 million new shares at 2 cents a share as payment.
As reported in January last year, the company bought Global Geothermal Limited through the purchase of a series of minority stakes - Exergy being one.