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Echelon Completes Cue Exit, Gains 6.6% Stake in Horizon

12:16pm on Friday 3rd of July, 2026 AEST Energy
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Echelon Completes Cue Exit, Gains 6.6% Stake in Horizon

12:16pm on Friday 3rd of July, 2026 AEST
Key Points
  • Echelon fully divests Cue stake via Horizon takeover
  • Receives cash and scrip consideration from Horizon
  • Becomes substantial Horizon shareholder with 6.64% stake
  • Uses proceeds primarily to repay debt and strengthen balance sheet
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