Infratil executive Lib Petagna continues share sell-down

Tue, 20 Jan 2015

By Paul McBeth Jan. 20 (BusinessDesk) - Lib Petagna, the chief investment officer of HRL Morrison & Co, which manages Infratil, has continued to sell down his stake in the listed infrastructure investor at the same time as long-time Infratil backer Utilico Investments also waters down its holding. JML Capital, an entity related to Petagna, sold 1.75 million shares on Jan. 15 on market at $2.95 apiece, for a total of almost $5.2 million, according to documents lodged with the NZX. That leaves Petagna with 6.67 million shares, or 1.2 percen...

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