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Mike Ottaviano says the deal will allow EMC to take advantage of the microgrid market.

Carnegie sells EMC in merger deal

Carnegie Clean Energy has agreed to sell its battery storage and microgrid business to ASX-listed Tag Pacific as part of an all-scrip merger deal.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/18

1 year TSR5 year TSR
thWide Open Agriculture
38thRBR Group100%10%
282ndVDM Group0%-28%
708thSUDA Pharmaceuticals-59%-38%
828thCarnegie Clean Energy-83%-31%
741 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

25/10/17
$372k Sold
24/04/17
$5k Bought
24/04/17
$10k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

171st↓Carnegie Clean Energy$10.6m
173rd↓VDM Group$561k
174th-Wide Open Agriculture$552k
176th↓SUDA Pharmaceuticals$488k
177th-RBR Group$487k
239 listed industrial companies ranked by revenue.
Source: Morningstar

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