Infratil $480m injection prevents CDC devaluation

Infratil $480m injection prevents CDC devaluation
Infratil chief executive Jason Boyes. (Image: Mark Mitchell)
Gregor Thompson
A $480m cash injection into Canberra Data Centres has prevented the value of Infratil’s holding from falling for the first time since it acquired its 48% stake in 2016.  The infrastructure investor told the New Zealand Exchange (NZX) on Monday it committed A$433m (NZ$479.6m) in equity to the trans-Tasman data centre developer and operator (CDC).When Infratil announced a $1.15b equity raise in June, the firm said it intended to use much of the proceeds for CDC’s accelerated growth.On Monday, it said it expects to commit a furthe...

More Infrastructure

Lyttelton Port looks to 19th century for modern operations
Infrastructure

Lyttelton Port looks to 19th century for modern operations

The port is the first company in NZ to release a nature-based disclosure report.

Greg Hurrell 23 Jan 2025
Too few NZ ports earning 'appropriate returns'
Infrastructure

Too few NZ ports earning 'appropriate returns'

Port returns over the past decade 'disappointing and alarming'. 

Oliver Lewis 22 Jan 2025
Auckland has 'serious competitive advantages'
Policy

Auckland has 'serious competitive advantages'

Population density provides opportunities for reducing infrastructure costs.

Oliver Lewis 20 Jan 2025
Our man in Argentina
Policy

Our man in Argentina

What happens when a pescatarian goes to the home of beef?

Oliver Lewis 14 Jan 2025