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AGL consortium ups offer for Tilt in bid to fend off Canadian rival

Tilt seeks better offer than $2.75bn renewables play backed by AGL


15 April 2021
Shares in Australian-New Zealand pure play renewable energy firm Tilt Renewables have gone into a trading halt, as the company currently the subject of an AGL Energy led takeover bid flags the potential of a more attractive offer.
Last month, Tilt announced that it had agreed to an offer from a consortium led by New Zealand utility Mercury NZ, and the AGL Energybacked Powering Australian Renewables fund (Powar).
The $2.75 billion takeover offer would effectively split the Tilt business between its New Zealand and Australian assets, with Powar aiming to take control of the company’s Australian portfolio, which includes the Snowtown North and Dundonnell wind farms and a big project pipeline. ....

New Zealand , New South Wales , South Australia , Michael Mazengarb , Tilt Renewables , Australian Renewables , Infrastructure Capital Group , Infigen Energy , Energybacked Powering Australian Renewables , Australian New Zealand , Powering Australian Renewables , Snowtown North , புதியது ஜீலாந்து , புதியது தெற்கு வேல்ஸ் , தெற்கு ஆஸ்திரேலியா , சாய் புதுப்பிக்கத்தக்கவை , ஆஸ்திரேலிய புதுப்பிக்கத்தக்கவை , உள்கட்டமைப்பு மூலதனம் குழு , இனிபிகேண் ஆற்றல் , ஆஸ்திரேலிய புதியது ஜீலாந்து , போவேறீங் ஆஸ்திரேலிய புதுப்பிக்கத்தக்கவை , ஸ்னோடவுன் வடக்கு ,

AGL leads renewable power play in agreed $2.75 billion bid for Tilt


15 March 2021
Australian-New Zealand renewables developer Tilt Renewables is to be taken private after agreeing to joint $2.75 billion by the AGL Energy backed Powering Australian Renewables fund and New Zealand utility Mercury NZ.
Through the deal, the Tilt Renewables business will effectively be split up, with the Australian and New Zealand parts of the business, which are listed across the respective Australian and New Zealand stock exchanges, being acquired by different members of the takeover consortium
The takeover offer for Tilt’s Australian business has been launched by Powering Australian Renewables, a partnership between energy giant AGL Energy (20 per cent), Queensland government-owned investment group QIC (40 per cent) and the federal government’s Future Fund (40 per cent). ....

New South Wales , New Zealand , South Australia , Liverpool Plains , Rye Park , Geoff Dutaillis , Bruce Hawker , Andrew Forrest , Brett Redman , Federation Asset Management , Tilt Renewables , Australian Renewables , Infigen Energy , Tilt Renewable Dundonnell Wind , Powering Australian Renewables , Future Fund , Snowtown North , Tilt Renewable , Dundonnell Wind , புதியது தெற்கு வேல்ஸ் , புதியது ஜீலாந்து , தெற்கு ஆஸ்திரேலியா , லிவர்பூல் சமவெளி , கம்பு பூங்கா , காயங்கள் ஹாக்கர் , ஆண்ட்ரூ காடு ,