Infratil signals $1b of asset sales
Investment company seeks to balance its portfolio and cashflows.
Infratil will be ‘flexible’ on its stake in Clyde Dam owner Contact Energy after the merger with Manawa, says CEO Jason Boyes.
Investment company Infratil has signalled $1 billion of asset sales in the next two to three years as it seeks to shift capital towards higher growth investments.
Shares in the NZX-listed company were down 7% to around $10.47 in morning trading after it reported a loss of $261.3 million for the year
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