MARKETS

AGL-led consortium to acquire Tilt for A$2.7B

AGL Energy-backed Powering Australian Renewables (PowAR) and Mercury NZ Limited are to acquire New Zealand headquartered Tilt Renewables for an all-cash consideration of NZ$7.80 per share for $2.9 billion (A$2.7B).

AGL-led consortium to acquire Tilt for A$2.7B

Since first listing on the ASX three years ago, Tilt has built a large portfolio of renewable assets across Australia and New Zealand. In the past month alone, Tilt's market capitalisation has increased...

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