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Mercury buys New Zealand assets in $3 billion takeover of Tilt Renewables 15 Mar, 2021 04:07 AM 4 minutes to read Tilt Renewables was demerged from Trustpower in 2016. A proposed takeover sees it valued at almost $3 billion. Photo / Supplied Tilt Renewables was demerged from Trustpower in 2016. A proposed takeover sees it valued at almost $3 billion. Photo / Supplied Mercury Energy has teamed up with a Queensland pension fund for a $3 billion takeover of Australasian wind farm developer Tilt Renewables, which has seen its value almost double in just over three months. Tilt said today it had entered into a scheme implementation agreement with a consortium of Powering Australian Renewables (PowAR) and Mercury which, subject to shareholder and regulatory approval, would see shareholders paid $8.80 a share, valuing the company at $2.96b. ....
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. ....
Ebos lifts first half net profit to a record A$92.9 million 17 Feb, 2021 01:02 AM 3 minutes to read Ebos reported a record first half profit, due in part to a 25 per cent lift in earnings from its animal care business as people spent more time with their pets during Covid-19 lockdowns. Photo / Supplied Australasian healthcare products distributor Ebos Group said strong performances in its healthcare and animal care segments helped drive its first half profit up by 13.7 per cent to A$92.9 million ($100m), leading to a 13.3 per cent gain in its interim dividend. The company said is animal care division reported underlying Ebit lift of 25.6 per cent, in part driven by people spending more time with their pets during Covid-19 lockdowns. ....