Infratil (ASX:IFT) owns a 65 per cent stake in Tilt Renewables which recently penned a deal to sell its Snowtown 2 wind farm for over $1.07 billion.
The sale is expected to complete in December 2019.
Infratil provides earnings guidance on a ‘continuing operations’ basis meaning that operations which are disposed of during the year are excluded from earnings guidance and this approach is applied for the entire year.