Infratil, Mercury have strong incentive to complete Tilt takeover - appraisal

Mon, 17 Sep 2018

By Gavin Evans Sept. 17 (BusinessDesk) - Infratil and Mercury NZ have a strong incentive to increase their stake in Tilt Renewables to 90 percent but may only raise their offer for the business if there is strong resistance from minority holders, an independent review says. Delisting the Melbourne-based generation developer could save more than A$1 million a year, Northington Partners says. But it says that saving is “minimal” relative to the potential value of future imputation credits from the business, which Infratil may be able to use...

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