8 February 2021
Australian listed wind farm developer Tilt Renewables has revealed it has received a number of non-binding offers to buy the company, in the latest development spurred by a strategic review launched late in 2020 by majority shareholder, Infratil.
Tilt said in an ASX statement late last week that it had reviewed a number of proposals from unnamed suitors and had decided to proceed to the next step with some of them, with the financial guidance of Lazard, and irrespective of the Infratil review.
“The board of Tilt Renewables has reviewed the proposals and decided to grant a number of parties access to due diligence material to enable these parties to prepare binding proposals,” the February 4 statement said.
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