Infratil's CDC investment jumps in value

Infratil's CDC investment jumps in value
Staff reporters
The value of Infratil's CDC Data Centres business has jumped roughly $500 million over the past three months as the investment firm defends itself from a takeover bid.Last month Infratil rejected a $5.37 billion takeover bid from AustralianSuper saying the offer was unsolicited and undervalued the company.Today it told the NZX that an independent valuation of Australian-based CDC Data Centres at Dec 31. 2020 indicates a “significant increase” in the value of Infratil’s investment in CDC since Sept 30.Infratil’s 48.1...

More Infrastructure

Opening day congestion for untolled Penlink highway – NZTA
Infrastructure

Opening day congestion for untolled Penlink highway – NZTA

The road should be redesigned if the Government chooses not to toll, agency said.

Oliver Lewis 26 Jul 2024
Downtown car park building legal challenge 'resolved'
Infrastructure

Downtown car park building legal challenge 'resolved'

Society challenging the sale to Precinct raised 0.4% of its High Court funding target.

Oliver Lewis 25 Jul 2024
Govt to fight receivers over $30m Tui oil field tax credit
Infrastructure

Govt to fight receivers over $30m Tui oil field tax credit

Crown bid to have liquidators cover decommissioning costs is subject to approval.

Victoria Young 24 Jul 2024
Govt agrees 'in principle' to $10b worth of Northland roading PPPs
Infrastructure

Govt agrees 'in principle' to $10b worth of Northland roading PPPs

The Northland expressway project could be one of the first PPPs out of the gate.

Dileepa Fonseka 23 Jul 2024