Grant Thornton questions more than 50c of Tilt valuation

Wed, 26 Sep 2018

By Gavin Evans Sept. 26 (BusinessDesk) - Above-market assumptions for Tilt Renewables’ cost of capital, the value of its Dundonnell project and the operating life of its other assets may overstate the value of the firm’s shares by more than 50 cents, according to advisory firm Grant Thornton. Infratil hired the company to review some of the assumptions Northington Partners used when it independently valued Tilt shares at between $2.56 and $3.01. Infratil and partner Mercury NZ are offering $2.30 for the 22 percent of the company they do n...

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