Mercury NZ acquires 19.9% stake in Tilt Renewables

In:

Renewables

Region:

Asia-Pacific

Mercury NZ Ltd has come to an agreement with the Tauranga Energy Consumer Trust to acquire a 19.99% stake in Tilt Renewables with an option to buy an additional 6.81%. The $144 million cash offer represents a 24% premium on Friday's closing price and values the company at $720 million.Tilt has a...

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