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MPower Agrees $19M Sale of Renewable Energy Business to Wollemi

9:56am on Thursday 12th of June, 2025 AEST Energy
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MPower Agrees $19M Sale of Renewable Energy Business to Wollemi

9:56am on Thursday 12th of June, 2025 AEST
Key Points
  • Sale includes renewable platform, Lakeland Solar & Storage, and services business
  • Transaction values MPower at a 37.5% premium to recent share price
  • Shareholder approval required; directors unanimously recommend the deal
  • MPower to retain $3.8 million surplus cash post-sale
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