Infratil and Mercury NZ announce variation notice for Tilt Renewables takeover offer
Infratil advises that Infratil 2018 Limited and Mercury NZ Limited have varied their takeover offer for Tilt Renewables Limited to extend the closing date to Friday, 30 November 2018 at 11.59pm.
Tilt Renewables has approximately 11% market share of installed wind capacity in Australasia, with a total installed capacity of 637 MW across eight wind farms. The company also owns a development pipeline of more than 1,600 MW of planning approved projects covering wind, solar and storage technologies.
TLT JV now controls 84.44% of Tilt Renewables.
Country updates
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October 30, 2018
UPDATE: Infratil extends acceptance period for Tilt Renewables takeover offer
Infratil has announced an extension to the closing date for its takeover offer for Tilt Renewables. Infratil, in a joint venture with Mercury NZ, sent an offer document to Tilt Ren...
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October 17, 2018
Genesis to purchase power from 100 MW wind project in New Zealand
Genesis and Tilt Renewables have announced that they intend to partner in the development of the Waverley Wind Farm. The two companies have agreed proposed terms and conditions for a long te...
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September 26, 2018
Infratil maintains offer price for Tilt Renewables, disputing independent advisor
Infratil has responded to Tilt Renewables' Independent Adviser’s Report regarding its NZD2.30 (US$1.54) per share takeover offer for the company, proposed in a joint venture with M...
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September 18, 2018
Independent advisor deems Tilt Renewables takeover offer inadequate
The Independent Directors of Tilt Renewables have published the Independent Adviser’s Report on the NZD2.30 (US$1.5) per share takeover offer from the Infratil and Mercury NZ joint venture. The...
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September 06, 2018
Infratil and Mercury JV satisfy all conditions for Tilt Renewables takeover
Infratil has announced that all conditions to its full cash takeover offer for Tilt Renewables, proposed in a joint venture with Mercury NZ, have been waived or satisfied. The offer is now fully uncon...
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