Ceres Power says approval for China JV agreements delayed until 2023

(Alliance News) - Ceres Power Holdings PLC on Thursday said it has been informed that approvals ...

Alliance News 17 November, 2022 | 12:52PM
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(Alliance News) - Ceres Power Holdings PLC on Thursday said it has been informed that approvals for its China joint venture agreements with Robert Bosch GmbH and Weichai Power have postponed until 2023.

The West Sussex-based clean energy technology developer said all parties remain committed to the deal, as its structure has already been agreed. However, "several" commercial items require more time to be finalised between the partners, it said.

Ceres said it will delay seeking a premium listing on the London Stock Exchange as a result.

Shares in Ceres were down 4.0% to 348.76 pence in London on Thursday afternoon.

By Greg Rosenvinge; gregrosenvinge@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Ceres Power Holdings PLC 164.50 GBX 2.36 -

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