Infratil Limited (NZX: IFT) has started the strategic review of its stake in Tilt Renewables Limited (NZX: TLT). TLT realizes that the IFT strategic review process may follow an offer from a third party for all outstanding shares in TLT and hence the directors of TLT shall commence arrangements to be able to respond to such an offer.
Westpac Sells Pacific Businesses to Kina Securities
Westpac Banking Corporation (NZX: WBC) has sold its Pacific businesses to Kina Securities Limited for up to $420 million. The sale shall add about 3 bps to the bank’s CET1 capital ratio.