Canadian super fund behind $3b bid for Tilt Renewables

Tilt CEO Deion Campbell (left).

Fri, 16 Apr 2021

A Canadian pension fund is reportedly behind a $3 billion offer to buy Tilt Renewables out from under the nose of Mercury NZ – who were set to buy its NZ assets with partner PowAR.The Infratil-owned clean energy company requested a trading halt yesterday until it could update the market on “whether Tilt has secured a superior scheme of arrangement for shareholders”.Reports in the Australian Financial Review (AFR) suggest the pension fund has unexpectedly returned to Tilt with an $8 per share offer that threatens to upend the p...

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