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Page 2 - குயின்ஸ்லாந்து முதலீடு கார்ப் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Canadian fund bids to acquire Tilt Renewables

Photo: 123RF The Australian Financial Review reports Canadian fund CDPQ has put in a bid to acquire the company for $8 per share, valuing the company at just over $3 billion, which is a 20 cent increase on the offer put forward by an Australian-dominated consortium in March. It said Tilt s board had asked Queensland Investment Corp and AGL Energy, who were leading the consortium, to match it. It comes after the company s shares were placed in a trading halt yesterday, ahead of a possible superior offer to buy the business. CDPQ was one of several suitors who put in a non-binding bid to purchase the company back in February.

Windfarm operator Tilt Renewables to be sold for nearly $3 billion

Windfarm operator Tilt Renewables to be sold for nearly $3 billion © RNZ/Robin Martin An Australian-dominated consortium is in line to buy windfarm operator Tilt Renewables for nearly $3 billion. The consortium of Queensland Investment Corp., AGL Energy, Australia s Future Fund, and Mercury Energy will pay $7.80 a share for Tilt, which has windfarms on both sides of the Tasman. Tilt was effectively put on the block last year when its two-thirds owner Infratil announced a review of its investment. Mercury owned close to 20 percent. Both companies said they will vote in favour of the deal. The deal will see the Australian companies - collectively called PowAR - take control of Tilt s four Australian windfarms, while Mercury will buy the four New Zealand farms for $770m.

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