Tilt to delist as PowAR and Mercury acquisition completes

TILT Renewables is set to delist from the NZX today and the ASX tomorrow as its acquisition by state-owned Mercury New Zealand and AGL-backed Powering Australian Renewables (PowAR) is now complete.

Tilt to delist as PowAR and Mercury acquisition completes Tilt to delist as PowAR and Mercury acquisition completes Tilt to delist as PowAR and Mercury acquisition completes Tilt to delist as PowAR and Mercury acquisition completes Tilt to delist as PowAR and Mercury acquisition completes

PowAR becomes Australia’s largest renewable player

The A$2.9 billion takeover, announced in March sees PowAR take Tilt's Australian assets while Mercury will acquire its New Zealand's assets. 

The Scheme consideration at NZ$8.