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Shell snaps up Powershop to accelerate challenge to big energy retail incumbents – RenewEconomy
Shell boosts presence in Australian energy market in deal to buy the Powershop Australia operations of Meridian Energy.
Global oil giant Shell has taken a key new stake in Australias energy market, after joining Infrastructure Capital Group (ICG) in a $A729 million deal to buy up all of the Australian assets of New Zealand company Meridian Energy.
The deal will see Shell…
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