WELLINGTON: New Zealand’s Infratil Limited (IFT.NZ) said on Monday it has agreed to acquire a further 4.92% stake in power generator Contact Energy Limited (CEN.NZ) for NZ$437.7 million ($261.5 million), increasing its total holding to 14.3%. The infrastructure investor will buy the stake from TECT Holdings, the former Tauranga Energy Consumer Trust, at NZ$8.95 per Contact share, according…
Tag: Infratil
Infratil buys majority stake in Kao Data for £130mn
AUCKLAND, NEW ZEALAND: Infratil Limited will buy 40% stake in London data centre business Kao Data in a £120-130 million deal. Infratil will obtain a 40% stake alongside current owners, Legal & General Group, one of Europe’s largest asset managers, and Goldacre, founder of Kao Data and part of the Noé Group, a family run…
Infratil & Auckland Radiology to form diagnostic imaging business
AUCKLAND, NEW ZEALAND: Infratil Limited and Pacific Radiology Group have executed a conditional agreement to partner with Auckland Radiology Group, creating a national diagnostic imaging business. Auckland Radiology is the largest private radiology provider in Auckland, operating 15 strategically located clinics in the greater Auckland area, and employing 32 radiologists. Infratil will own at least…
Australiansuper offers to buy Infratil
SYDNEY: Tilt Renewables Limited (TLT) notes that AustralianSuper has approached Infratil (IFT) proposing a scheme to acquire 100% of IFT. In its response rejecting the proposal, IFT noted that the proposal materially undervalues the significant renewable energy and digital infrastructure platforms held by IFT and contained material conditions. Given IFT’s rejection of the proposal, there…
Infratil to own 40% stake in a recently formed renewable energy platform
WELLINGTON: Infratil Limited has announced an initial investment in Galileo Green Energy, LLC (GGE), a recently formed renewable energy platform headquartered in Zurich, Switzerland. Infratil will invest in GGE in conjunction with the Commonwealth Superannuation Corporation (CSC), the New Zealand Superannuation Fund and the Morrison & Co Growth Infrastructure Fund. Infratil will own a 40%…