Genesis Energy acquires majority stake in charge-point operator ChargeNet

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M&A

The deal will help Genesis Energy achieve a 30% market share in EV customers by fiscal year 2028 in New Zealand’s emerging market segment

New Zealand’s energy company Genesis Energy plans to acquire a majority shareholding in ChargeNet, the country’s largest nationwide electric vehicle public charging network, to gain a foothold in New Zealand’s emerging EV charging market, Genesis Energy announced Oct. 1.

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