Announced
Financials
Tags
power distribution
Pending
Australia
Acquisition
Friendly
power generation
Conventional Electricity
Public
Single Bidder
Synopsis
Royal Dutch Shell, a British-Dutch oil and gas company, offered to acquire ERM Power, an Australian energy company that operates electricity sales and electricity generation businesses, for $419m. “This acquisition aligns with Shell’s global ambition to expand our integrated power business and builds on Shell Energy Australia’s existing gas marketing and trading capability,” Shell Australia’s Country Chair Zoe Yujnovich said.
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