By Kyle Morris


Shares in Ceres Power Holdings PLC fell 10% on Thursday after the company said that it has learned that approvals for its China joint venture with Robert Bosch GmbH and Weichai Power have been postponed until 2023.

The fuel-cell and electrochemical technology company said it was informed on Wednesday that the negotiations won't conclude this year and that several commercial items require more time to be finalized.

Ceres said this will delay its plan to seek a premium listing on the main market of the London Stock Exchange.

Shares in Ceres at 0831 GMT were down 36.20 pence, at 327.00 pence.


Write to Kyle Morris at kyle.morris@dowjones.com


(END) Dow Jones Newswires

11-17-22 0358ET