Waste Management NZ back in Aussie hands

Chinese owners of one of the country’s largest rubbish disposal companies, Waste Management NZ, have sold the business to Australian-based Igneo Infrastructure Partners.The $1.9 billion transaction means Beijing Capital Group has doubled its money in eight years as owner.Igneo is a part of the First Sentier Investors group, which is headquartered in Sydney and holds investments throughout Europe and the United Kingdom, North America, Australia, and in New Zealand.In NZ, it also owns gas distributor and retailer First Gas and the country&r...