Infratil says capital retention 'optimal', eyeing renewables and retirement investments

Tue, 10 Nov 2015

By Pattrick Smellie Nov. 11 (BusinessDesk) - Infrastructure investor Infratil says capital retention is "optimal" at present as it eyes investment opportunities mainly in the renewable energy and retirement home sectors, chief executive Marko Bogoievski told an investors' briefing following the company's release of its first-half results. The Wellington-based company is sitting on cash reserves of $755 million following the recent sale of its remaining 20 percent stake in transport fuels distributor Z Energy for a $392 million gain, and h...

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