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Business Scoop » Mercury Brings Home Tilt s Windmills

Press Release – Chapman Tripp Chapman Tripp is pleased to have helped Mercury NZ Limited (NZX, ASX: MCY) acquire all of Tilt Renewables Limiteds (NZX, ASX: TLT) New Zealand assets, operations and future development options. The Chapman Tripp multi-discipline team was led by … Chapman Tripp is pleased to have helped Mercury NZ Limited (NZX, ASX: MCY) acquire all of Tilt Renewables Limited’s (NZX, ASX: TLT) New Zealand assets, operations and future development options. The Chapman Tripp multi-discipline team was led by senior corporate partner Roger Wallis, and incorporated the firm’s energy, finance, corporate and cross-border investment practices. Core team members were Partners Lauren Curtayne, Luke Ford, Tessa Baker, and Senior Associates Luke Bowers, Jeryl-lynn Govender and Hayden Reyngoud.

Committee being formed to distribute Waipipi Wind Farm s $25,000 community fund

Mercury s one-step-ahead stance pays off

CEO Vince Hawksworth says better deal lowers risk of further rival bids over Tilt. Faced with a rival’s surprising lob at Tilt Renewables possibly firming up, the leader of power giant Mercury has said a judgment call was made to get one step ahead by offering more cash and an arrangement ensuring history would not repeat.     Tilt’s share price is still climbing on the NZX and ASX as trading resumed Monday following news that a consortium of Mercury and Powering Australian Renewables (PowAR) had secured the wind and solar farm developer for a second time. Trading was halted last Thursday on Tilt announcing it was in talks over a superior scheme of arrangement. By Friday, Canadian pension fund

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