World news – AGL-led consortium to acquire Tilt for AUD 2.7 billion

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AGL Energy-Backed Powering Australian Renewables (PowAR) and Mercury NZ Limited are acquiring New Zealand-based Tilt Renewables for a cash price of NZ $ 7.80 per share for $ 2.9 billion (AUD 2.7 billion).

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Since first listing on the ASX three years ago, Tilt has built a large portfolio of renewable assets in Australia and New Zealand.

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