Infratil's NZ Bus completes Auckland deal, still expects business to shrink

Tue, 24 Oct 2017

By Sophie Boot Oct. 25 (BusinessDesk) - Infratil, the publicly listed infrastructure investor, has concluded its NZ Bus negotiations with Auckland Transport while negotiations in Wellington are ongoing, and still expects the business will shrink by a third. In a release to the stock exchange, Wellington-based Infratil said it secured 20 long-term contracts in Western, Central and Northern regions of Auckland, with the result of negotiations consistent with previous earnings guidance and the expected scale of NZ Bus in future. In Augus...

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