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MARKETS

Shell, ICG to acquire Meridian Energy Australia for A$729 million

SHELL has announced it will acquire electricity and gas retailer Powershop Australia via a takeover of its parent company, Meridian Energy Australia, as it looks to move further into the integrated power business.

Mark Tilly
Splits company down the middle

Splits company down the middle

The oil and gas giant announced this morning it would acquire 100% of ASX-listed Meridian alongside investor Infrastructure Capital Group (ICG) as a consortium for A$729 million.  The parties have not...

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