Markets Analysis

ACC has been selling Infratil for years

Dan Brunskill
Wed, 16 Dec 2020

ACC has been selling Infratil for years
Dan Brunskill
Wed, 16 Dec 2020
Perhaps it should be no surprise that Accident Compensation Corp is open to a takeover of Infratil: the workplace insurer has been selling down its stake since 2015.ACC first revealed it held 8.5 percent of Infratil, worth $17.6 million, in February 2008. Shares in the infrastructure investor were then trading at $2.35.That holding was up from the 1.5 percent level disclosed in Infratil's 2007 annual report, worth $21.6 million, or $6.58 a share, coming before that year's two-for-one share split and subsequent one-for-five rights issue....

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.