Mercury partners in $3 billion takeover for Tilt Renewables

Mercury partners in $3 billion takeover for Tilt Renewables


Mercury partners in $3 billion takeover for Tilt Renewables
14 Mar, 2021 08:55 PM
2 minutes to read
Tilt Renewables' Tararua wind farm. Since its largest shareholder announced a strategic review of its investment in December, the company has been readying itself for offers. Photo / SUPPLIED.
Tilt Renewables' Tararua wind farm. Since its largest shareholder announced a strategic review of its investment in December, the company has been readying itself for offers. Photo / SUPPLIED.
Mercury Energy and an Australian partner appear to have won the race to buy Tilt Renewables, an Australasian wind farm developer which was spun out of TrustPower, bidding almost $3 billion.
On Monday Tilt Renewables announced that it had entered a scheme implementation agreement under which it was proposed that PowAR would acquire its Australian business and Mercury would acquire the New Zealand business.

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