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).

AGL consortium locks in Tilt acquisition AGL consortium locks in Tilt acquisition AGL consortium locks in Tilt acquisition AGL consortium locks in Tilt acquisition AGL consortium locks in Tilt acquisition

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.