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NZ’s Meridian Energy sells Australia unit for $528 mln to Shell-consortium

REUTERS

NZ’s Meridian Energy sells Australia unit for $528 mln to Shell-consortium

Reporting by Sameer Manekar in Bengaluru, Editing by William Maclean
Nov 22 (Reuters) – Meridian Energy on Monday said it agreed to sell its Australian energy business for A$729 million ($527.80 million) to a consortium of global energy giant Royal Dutch Shell and Australian investment manager Infrastructure Capital Group (ICG).

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