Infratil up 112pc as pension funds circle
Specialist renewable energy infrastructure investor Infratil, with stakes in wind, solar and hydro companies, has seen its share price surge more than 110 per cent since late March amid hopes for a takeover deal.
Two pure-play renewable energy companies remain listed on the Australian Stock Exchange, and just one is slated to keep its local assets and potentially grow them if its majority shareholder, Infratil, is acquired by circling pension funds.
It's been a massive year for Australian renewables deals. The country's largest listed wind power generator, Infigen Energy, was delisted and acquired by Spanish utility Iberdrola not long before a flurry of solar farms were put on the block in the lead-up to Christmas.
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