Trustpower split frees new entity to chase wind power, independent adviser says

Thu, 18 Aug 2016

By Paul McBeth Aug. 18 (BusinessDesk) - Trustpower's plans to carve out its windfarms and renewable development pipeline into Tilt Renewables will give the new entity freedom to chase opportunities and should outweigh the cost of the transaction, according to an independent adviser's report on the deal. The Tauranga-based electricity generator and retailer released its scheme booklet on the transaction today, with directors unanimously backing a plan to create two separately listed companies. Trustpower would keep the trans-Tasman genera...

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