Monday 7th December 2020
|Text too small?|
Mercury NZ Limited notes that Infratil Limited (NZX: IFT ) has announced a strategic review of its shareholding in Tilt Renewables Limited (NZX: TLT ). Mercury acknowledges that the Infratil initiated strategic review may result in an offer for all shares in Tilt. Mercury owns almost 20% of Tilt. There is currently no arrangement between Infratil and Mercury in relation to Infratil’s strategic review.
Mercury is very satisfied with the performance to-date of its investment in Tilt and has not reached a position on the future of that investment. The directors of Mercury will monitor developments closely.
See the link below for more details:
No comments yet
Tourism Holdings Limited (NZX: THL) Market Update
Delegat Group Limited (NZX: DGL) 2021 Harvest Announcement
Kiwi Property Group Limited (NZX: KPG) Gives Green Light to New Sylvia Park Office Building
Just Life Group Limited (NZX: JLG) Invests in Domestic Rainwater Tank Business
NZME Limited (NZX: NZM) NZ Markets Disciplinary Tribunal Censures
Rua Bioscience Limited (NZX: RUA) Announces CCO with Global Pharma Experience
Cannasouth Limited (NZX: CBD) Supply Activity Added to Cannasouth Commercial Licence
Skellerup Holdings Limited (NZX: SKL) Upgrades FY21 Earnings Guidance
Napier Port Holdings Limited (NZX: NPH) 2021 Earnings Guidance Update
Comvita Limited (NZX: CVT) Full Year Guidance Update