Announced
Financials
Sources
Tags
Conventional Electricity
Private Equity
electricity and gas
Australia
Friendly
Acquisition
Majority
Pending
Domestic
Public
Single Bidder
Synopsis
Shell, an energy and petrochemical company, and Infrastructure Capital Group, an infrastructure investor and manager to acquire the Australian business of Meridian Energy, an electricity generator and retailer, for $528m. “Our aim is to become a leading provider of clean power-as-a-service and this acquisition broadens our customer portfolio in Australia to include households. Shell’s presence across the entirety of our changing energy system means we are well-placed to manage complexity for customers so that we deliver simple, cleaner energy solutions,” Elisabeth Brinton Shell Executive Vice President of Renewables and Energy Solutions.
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