MARKETS

AGL consortium locks in Tilt acquisition

AGL Energy has upped the ante as part of its bid to acquire green energy heavyweight Tilt Renewables – increasing the scheme consideration to NZ$8.10 per share, giving it an enterprise value of $3.2 billion (A$2.9 billion).

Mark Tilly

Upped consideration values renewables player at A$2.9B

Last month, AGL-backed Powering Australia Renewables (PowAR) and state-owned Mercury NZ Limited announced a bid to acquire the leading renewables company which has seen its market cap soar from A$2.1 billion...

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