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NZ's Tilt Renewables agrees to $2.1b takeover, shares hit record

NZ's Tilt Renewables agrees to $2.1b takeover, shares hit record

will pump Sembcorp’s renewable assets in the country to 583 megawatts

New Zealand’s Tilt Renewables Ltd said on Monday it would be acquired by a consortium including its second-largest shareholder and Australia’s AGL Energy Ltd for NZ$2.94 billion ($2.10 billion), sending its shares to an all-time high.

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