Brief: Mercury NZ Acquires Tilt Renewables' NZ Ops For Enterprise Valuation Of NZ$797 Mln

Mercury NZ

02/08/2021 23:32

Aug 3 (Reuters) - Mercury NZ Ltd  MCY.NZ :
    * MERCURY ACQUIRES TILT RENEWABLES' NEW ZEALAND OPERATIONS
    * DEAL FOR ENTERPRISE VALUATION OF NZ$797M
    * ENTERPRISE VALUATION OF NZ$797M
    * UNDER SCHEME, MERCURY HAS NOW TAKEN OWNERSHIP OF NEW
ZEALAND
ASSETS AND POWAR HAS TAKEN OWNERSHIP OF TILT'S AUSTRALIAN ASSETS
    * ACQUISITION FUNDED FROM SALE OF MERCURY'S 19.9% TILT
SHAREHOLDING
    * DEAL ALSO FUNDED FROM NET DEBT OF NZ$189 MILLION


Further company coverage:  MCY.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))