Mercury NZ and PowAR enter binding agreement to acquire Tilt Renewables

AUCKLAND: Mercury NZ Limited, together with Powering Australian Renewables (PowAR), has entered into a Scheme Implementation Agreement to acquire Tilt Renewables Limited. Under the terms of the transaction, PowAR will acquire all the shares of Tilt (including Mercury’s shares) for NZ$7.80 per share, and Mercury will acquire all of Tilt’s New Zealand operations, including development…