The institutional asset management platform of ARIA Commodities’ group today announced a reverse takeover (RTO) transaction with Kibo Energy PLC (AIM: KIBO; AltX: KBO), the dual-listed energy development company. The US$135 million acquisition, transacted in concert with ARIA’s group institutional asset management business, will be satisfied through the issuance of approximately 966 million new Kibo shares at a deemed price of £0.104 per share, following a proposed 1,600-to-1 share consolidat...