New Zealand's Tilt Renewables Ltd said on Thursday it had granted access to its books to a number of parties after receiving non-binding proposals for its takeover.
The interest in Tilt comes after the wind farm operator's controlling shareholder Infratil put its 65.5% stake in the company up for sale in December.
Infratil said in a separate statement on Thursday it received strong interest for its stake in Tilt stake after announcing the review and was yet to make any decision about it.
"Board notes that participation in Infratil’s strategic review process is not a prerequisite to it considering any proposals," Tilt said in a statement.
Based on the last closing price of Tilt's shares, the company is valued at NZ$2.37 billion ($1.71 billion) and its acquisition would be the first major deal of the year in New Zealand.
Infratil was approached by Australia's largest pension fund in December with a NZ$5.37 billion takeover offer, which the energy and transport infrastructure investor rejected on the grounds it undervalued the company.
($1 = 1.3887 New Zealand dollars)
(Reporting by Anushka Trivedi in Bengaluru; Editing by Anil D'Silva, Aditya Soni)
