Business
AGL leads renewable power play in agreed $2.75 billion bid for Tilt – RenewEconomy
AGL-backed Powering Australian Renewables fund leads $2.75 billion agreed bid for Tilt as the country’s biggest coal generator seeks to accelerate its shift to…
Australian-New Zealand renewables developer Tilt Renewables is to be taken private after agreeing to joint $2.75 billion by the AGL Energy backed Powering Australian Renewables fund and New Zealand utility Mercury NZ.
Through the deal, the Tilt Renewables business will effectively be split up, with the Australian and New Zealand parts of the business, which are listed across the respective Australian and New Zealand stock exchanges, being acquired by different members of the takeover consortium
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