Tilt Renewables Tararua wind farm. Photo / FileInfratil said it had hired Goldman Sachs to undertake a strategic review of its stake in NZX-listed wind farm company, Tilt Renewables, after the infrastructure investor received a number of enquiries from potential buyers. Mercury Energy, which has a 20 per cent stake, said there had been no arrangement between itself and Infratil over the review. Mercury acknowledged that the Infratil initiated strategic review may result in an offer for all shares in Tilt but said "there is currently no arrangement between Infratil and Mercury in relation to Infratil's strategic review". At today's share price, Tilt has a market capitalisation of $1.61 billion.

Source: New Zealand Herald December 06, 2020 22:02 UTC