Infratil – the hunter becomes the hunted

Wed, 09 Dec 2020

Will AustralianSuper’s $5.37 billion offer for Infratil bring more bidders out?The fund’s bid late on Tuesday afternoon New Zealand time for infrastructure investor Infratil saw its dual-listed shares rocket to A$6.80 compared to a closing price of $6.08 on the NZX.The offer is a 28 percent premium to Infratil’s $5.80 price on Dec. 4.What does the Aussie fund see in Infratil?The interim annual report for 2020 provides a window into Infratil’s business.In April calls through Vodafone NZ rose 70 percent and data 50 percent...

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