Infratil acknowledges Tilt Renewables’ announcement this morning regarding discussions to determine whether it can secure for shareholders a superior scheme arrangement as compared to the scheme of arrangement disclosed to the market on 15 March 2021. Infratil awaits an update from the Company via the NZX/ASX advising an outcome of discussions.
The sales form part of a wider growth plan.
The super fund now has more than $85 billion under its control.
The Southland project was rejected under a different fast-track process six months ago.
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