Infratil increases Contact Energy stake: ‘We can hold, grow, or sell’

Infratil increases Contact Energy stake: ‘We can hold, grow, or sell’
Infratil has increased its stake in Contact Energy to more than 14%. (Image: NZME)
Rebecca Stevenson
Infratil's increased stake in cash-generating Contact Energy could be held, grown or sold off if the infrastructure investor needs cash.On Monday morning Infratil said it would hike its holding in Contact to 14.3% and acquire TECT Holdings stake for $437.7 million. Infratil chief executive Jason Boyes said Contact Energy “performed a nice role in the cash-flow generating part of the portfolio”. He said the Contact shareholding gave Infratil options. It was the most liquid part of its portfolio, it could be sold if...

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