(Reuters) – New Zealand’s Tilt Renewables said on Monday it had agreed to a takeover by a consortium including its second-largest shareholder, AGL Energy and Australia’s sovereign wealth fund for NZ$2.94 billion ($2.10 billion).
The consortium will pay NZ$7.80 for every Tilt share, a 20.4% premium to the company’s share price at Friday’s close.
($1 = 1.3974 New Zealand dollars)
(Reporting by Shashwat Awasthi in Bengaluru. Editing by Jane Merriman)
