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Investors not yet sold on Pacific power play

Investors are a little circumspect about Australian remote-power generator Pacific Energy’s debt-funded A$90 million (US$70 million) acquisition of rival Contract Power Group (CPG), and suspension of dividend payments, marking Pacific’s shares down slightly after it emerged from a trading halt.

Investors not yet sold on Pacific power play Investors not yet sold on Pacific power play Investors not yet sold on Pacific power play Investors not yet sold on Pacific power play Investors not yet sold on Pacific power play

Panoramic Resources' Pacific Energy power plant in Western Australia