Note Infratil's market annoucement today that they also tabled a offer for the 26% shareholding in TLT.
Another example of infrastructure investors going long on renewable electricity developers.
https://www.asx.com.au/asx/statistics/todayAnns.do
Infratil is the controlling shareholder in Tilt, with a 51% shareholding. In response to a number of inbound enquiries regarding that transaction, Infratil can confirm the following:
• Infratil tabled a proposal to acquire the 26.7% stake held by TECT in Tilt as part of an expedited process run by TECT and its advisors.
• As part of that process, Infratil clarified that it was unlikely to provide approval (as the majority shareholder in Tilt) for any other acquirer to move beyond a 19.99% ownership interest or offer any additional governance rights.
• While we welcome interest in any of our portfolio businesses, Infratil and Mercury currently have no agreement, arrangement or understanding in relation to Tilt.
IFN Price at posting:
74.5¢ Sentiment: Buy Disclosure: Held
