Infratil has amassed a sizeable warchest – what will it spend it on?
HRL Morrision & Co will manage the Super Fund's Z Energy stake as part of its global infrastructure mandate.
Shares plunge more than 13%, Super Fund and Infratil take huge profits.
Infratil said the proceeds of the sale will go toward general corporate purposes.
Infratil and the NZ Superannuation Fund have sold 30% of Z Energy at the bottom of their indicative range.
Z Energy’s shares closed at $5.10 on June 1.
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