Business
AGL’s $2.7b Tilt deal shows keen renewables appetite – The Australian Financial Review
The $2.7 billion price paid by AGL’s renewable energy fund to snare Tilt Renewables against competition from multiple rivals is evidence of keen appetite for renewable…
As reported earlier by The Australian Financial Reviews Street Talk column, PowAR and Mercury were on Sunday night in the box seat to clinch Tilt after a handful of final offers were submitted in the competitive sale process on Friday. They outbid ASX-listed APA Group, Canadian pension fund giant Caisse de dépôt et placement du Québec (CDPQ) and Australian fund manager Infrastructure Capital Group with its partner Engie, which had made it into the final round of negotiations.
The auction, run by…
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