Infratil flush with investment options after portfolio overhaul

Thu, 18 May 2017

By Paul McBeth May 19 (BusinessDesk) - Listed infrastructure investor Infratil is option rich in ways to spend its money after overhauling its portfolio and says US renewable energy projects show a lot of promise. The Wellington-based firm has $630 million of funds available having spent $560 million on new investments and a further $168 million on capital expenditure in the year ended March 31. After selling stakes in Z Energy, Lumo and iSite in 2016, Infratil found itself flush with funds and keen on investing in renewable energy, the...

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