Equities
Beacon Energy's LNE IOM Buys More Shares in LNEnergy via Rights Offering
Beacon Energy's (BCE.L) 49%-owned LNE IOM purchased additional shares in LNEnergy through a rights offering aimed at raising 780,000 pounds sterling.LNE IOM's shareholding in LNEnergy remains at 48% due to the full participation of the latter's shareholders, according to a Tuesday release.The UK-listed renewable energy company acquired a 24% stake in LNEnergy in March.
$BCE.L