Tilt acquisition by PowAR granted by FIRB

NEW Zealand and Australia overseas investment officials have approved Powering Australian Renewables’ (PowAR) takeover of Tilt Renewables, ahead of a shareholder vote on the matter later this month.

Tilt acquisition by PowAR granted by FIRB Tilt acquisition by PowAR granted by FIRB Tilt acquisition by PowAR granted by FIRB Tilt acquisition by PowAR granted by FIRB Tilt acquisition by PowAR granted by FIRB

Countdown to takeover is on.

The deal, finalised in April after a heated bidding war, will see AGL-backed PowAR take Tilt's Australian renewables assets and Mercury take its NZ-based assets for NZ$8.