# PowAR and Mercury to acquire Tilt Renewables for NZ$7.80 per share

Tilt Renewables has entered into a Scheme Implementation Agreement under which Powering Australian Renewables (PowAR) will acquire Tilt's Australian business and Mercury NZ Limited will acquire Tilt's New Zealand business. Shareholders will receive NZ$7.80 per share in cash. Infratil supports the transaction.

- Type: Acquisition
- Announced: 2021-03-15
- Where: New Zealand
- Status: announced
- Products: renewable energy
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Tilt Renewables](https://endata.com/companies/37322.md) (target)
- [Powering Australian Renewables](https://endata.com/companies/53814.md) (acquirer)
- [Mercury NZ](https://endata.com/companies/53815.md) (acquirer)
- [Infratil](https://endata.com/companies/53816.md) (investor)

## Sources

- [morrisonglobal.com](https://morrisonglobal.com/news-insights/infratil-supports-acquisition-proposal-for-tilt-renewables/), 2021-03-14: "Infratil has welcomed the announcement by Tilt Renewables Limited (Tilt) that it has entered into a Scheme Implementation Agreement with Powering Australian Renewables (PowAR) and Mercury NZ Limited (Mercury)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.