Tilt deal to deliver demerger investors 40% annual return

Waipipi wind farm near Waverly.

Thu, 13 May 2021

Tilt Renewables shareholders who first got their shares when the renewable energy developer was carved out of Trustpower in 2016 will end up pocketing an annual return of about 40% when it’s taken over, says chief executive Deion Campbell.In what he expects will be the company’s swansong earnings briefing as a listed company, Campbell told analysts somebody who participated in the demerger will end up with an annual return of 40%, including dividends, from that initial investment in the $3.07 billion deal from the Powering Australia...

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