MARKETS

Shell to buy ERM Power for $617 million

SHELL has inked an agreement to acquire electricity retailer ERM Power as part of the company's strategy to enter into the Australian retail energy market on the east coast.

Shell to buy ERM Power for $617 million

Under the agreement Shell is proposing to acquire 100% of the shares of ERM for $A617 million, or $2.465 per share. The offer represents a 43% premium on ERM's last closing price and a 38.4% premium...

Start a free trial to continue reading this article

Already have an account? Sign in here

MORE ON THIS TOPIC

NEXT: Downer EDI notes profit rise
PREVIOUS: Santos is go, go, go for Dorado as it reports record six months

MOST POPULAR

1

OPERATIONS

Santos shows financial grunt in testing times

2

OPERATIONS

High Court to rule on Chevron vs CKJV legal saga

3

OPERATIONS

Santos plans to decommission Simpson field permanently

4

EXPLORATION

Triangle signs rig for North Perth Basin well

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902