Shell Energy has announced it will acquire online energy retailer Powershop Australia, which serves over 185,000 customers. Meridian Energy Australia Group, Powershop’s parent company, will be acquired in its entirety by a consortium of Shell and Infrastructure Capital Group (ICG), an Australian infrastructure investor and manager for $729 million. Shell Australia chairman Tony Nunan said the company is proud to provide Australians with the energy they need …
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