UPDATE: Infratil kicks off $400M equity raising, posts flat earnings

Fri, 17 May 2019

(Adds company comment throughout) By Gavin Evans May 17 (BusinessDesk) – Infratil’s purchase of a stake in Vodafone New Zealand will be transformative for its portfolio and should generate the sort of returns that will allow the company to return to a rising dividend track, chief executive Marko Bogoievski says. The $3.4 billion purchase, in partnership with Brookfield Asset Management, and a series of divestments underway, will complete the portfolio “reset” the company has had underway in recent years, he said. Forecasting a stead...

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