APA 0.76% $9.32 apa group

APA tilt at Tilt Renewables

  1. 1,744 Posts.
    lightbulb Created with Sketch. 255
    This is from 'The Australian' of Monday 25 Jan 2021:

    (possible capital raising?)

    (Tilt has operations in Australia and NZ):

    The $11bn listed APA Group is understood to have hired investment bank UBS as part of an attempt to buy a 65.6 per cent stake in Tilt Renewables, currently worth about $1.3bn.

    The stake is owned by Infratil, which is considering a sale after fielding approaches.

    The understanding is that APA has investment bank UBS on board as it positions itself for a major equity raising should it win the auction.

    Some say that the stake could achieve a price as high as $2bn and APA could tap the market for between $1bn and $1.5bn.

    It comes after Infratil received a NZ$5.4bn takeover proposal from AustralianSuper that was rejected.

    The world’s largest wind power investor Iberdrola, with at least $197bn worth of assets under management, is understood to have made an early bid for the stake last year ahead of the move by Infratil to test market interest.

    However, while on that basis it was considered a front runner to buy the stake in the latest sales process, it is believed that its bid was rejected by Infratil and it is now understood that it is no longer in pursuit of the interest.

    Last edited by Hopeful9: 25/01/21
 
watchlist Created with Sketch. Add APA (ASX) to my watchlist
(20min delay)
Last
$9.32
Change
0.070(0.76%)
Mkt cap ! $10.99B
Open High Low Value Volume
$9.24 $9.37 $9.20 $21.77M 2.336M

Buyers (Bids)

No. Vol. Price($)
1 10069 $9.30
 

Sellers (Offers)

Price($) Vol. No.
$9.32 68956 4
View Market Depth
Last trade - 16.10pm 05/03/2021 (20 minute delay) ?
(live)
Last
$9.30
  Change
0.070 ( 0.82 %)
Open High Low Volume
$9.24 $9.37 $9.22 482750
Last updated 15.59pm 05/03/2021 (live) ?
APA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.