MERIDIAN ENERGY TO SELL ITS AUSTRALIAN BUSINESS TO SHELL AND ICG CONSORTIUM

© RNZ / Nate McKinnon Meridian Energy has agreed to a $A729 million ($NZ753m) deal to sell its Australian business to a consortium of the oil and gas giant Shell and investment manager Infrastructure Capital Group (ICG).When the deal is completed, Shell will become the owner of the retail business, Powershop Australia.Meanwhile ICG will become the owner of the infrastructure ass...

Source: