Mercury NZ has agreed to buy the stake in Tilt Renewables from TECT
Date
May 14, 2018
Type
M&A Transactions
Subtype
Imported M&A transactions
Countries
Denmark
New Zealand
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Mercury NZ has agreed to buy the stake in Tilt Renewables from TECT. The transaction represents NZD 2.30 per share and Mercury has also agreed a six-month option to acquire TECT's remaining 6.81% stake in Tilt at the same price. Exercising the option should be in compliance with the New Zealand Takeovers Code
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