Infratil to exit Z Energy holding in coordinated sale with NZ Super Fund

Tue, 29 Sep 2015

By Suze Metherell Sept. 29 (BusinessDesk) - Infratil and the New Zealand Superannuation Fund will sell almost one third of Z Energy in a coordinated sale, rounding out a profitable five-year investment in the former Shell petrol station assets that were spruced up and listed on the NZX in 2013. Infratil will sell its 20 percent cornerstone holding via an overnight book build process, offering 80 million shares at between $6 and $6.20, a discount to Z Energy's $6.63 record high closing price. NZ Super will sell its 9.73 percent, or 38.9 mi...

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