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Herbert Smith Freehills has advised New Energy Solar Limited (ASX:NEW) on the sale of the Beryl and Manildra solar farms to Banpu Energy. The combined.
Rest mulls options for SEA Gas pipeline, tests buyer appetite
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Thereâs arguably never been a better time to sell Australian infrastructure assets â and industry superannuation fund Rest is thinking about getting in on the action.
It is understood Rest is considering options for its 50 per cent stake in SEA Gas, which owns and operates a 700km underground high pressure natural gas pipeline and transmission system from Port Campbell in Victoria to Adelaide.
The SEA Gas pipeline was constructed in the early 2000s to transport gas from Victoria to Adelaide. Â
James Davies JGD
Rest is understood to have hired investment bank Lazard for help with the review, and has had its bankers quietly testing the appetite of potential buyers to see whether it get enough interest for an auction.
15 April 2021
Shares in Australian-New Zealand pure play renewable energy firm Tilt Renewables have gone into a trading halt, as the company currently the subject of an AGL Energy led takeover bid flags the potential of a more attractive offer.
Last month, Tilt announced that it had agreed to an offer from a consortium led by New Zealand utility Mercury NZ, and the AGL Energybacked Powering Australian Renewables fund (Powar).
The $2.75 billion takeover offer would effectively split the Tilt business between its New Zealand and Australian assets, with Powar aiming to take control of the company’s Australian portfolio, which includes the Snowtown North and Dundonnell wind farms and a big project pipeline.
Wind blows CDPQ back towards Tilt Renewables
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Canadian pension fund giant CDPQ is understood to be back for another bite of Trans-Tasman windfarm owner Tilt Renewables.
Only one month after losing Tiltâs formal auction to QIC and AGL Energyâs renewables investment fund PowAR, CDPQ is believed to be the party seeking to blow up an agreed deal and take control of the assets.
Street Talk. Â
Nicolas Walker
It is understood CDPQ has already lobbed its offer. Tiltâs board, advised by Lazard, is open to reviewing and considering the bigger bid, and took the companyâs shares off the bourse on Thursday.