Chunky Infratil trade sees 1.3% of company change hands near 7-year high

Wed, 14 Jan 2015

By Suze Metherell Jan. 14 (BusinessDesk) - A large trade in Infratil shares this morning has seen more than 1.3 percent of the utilities and airport investor change hands in a single trade, as the stock hovers near a seven-year high. A single trade of 7.5 million shares of the Wellington-based company at $2.95 apiece this morning changed hands for an aggregate $22.1 million, according to Reuters data. That's below yesterday's $3.02 closing price, which was 1 cent shy of the stock's highest level since October 2007. The 90-day average trad...

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