Infratil delays share buyback as it looks at ‘potential transactions’

Fri, 18 Oct 2013

By Paul McBeth Oct. 18 (BusinessDesk) - Infratil, the listed infrastructure investor, has delayed a planned $65 million share buyback as it runs the ruler over “potential transactions.” The Wellington-based company planned to embark on the buyback from Oct. 22 to help lift the share price to what it sees as more appropriate value, but has put that on ice while it investigates a potential new deal. Infratil has been looking at investment opportunities in wind farms, water and irrigation, and has previously said it had an initial public-privat...

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