Infratil’s plans for Z proceeds - debt reduction, buyback, Aussie windfarms

Sun, 08 Sep 2013

By Tina Morrison Sept 9 (BusinessDesk) – Infratil, the New Zealand stock exchange listed infrastructure investor, has paid down its bank debt and is considering buying back shares and ramping up wind farm investment in Australia after reaping about $400 million from the sale of a 30 percent stake in Z Energy. Infatil has used about half its funds from Z Energy to pay back bank debt and may use the remaining cash to buy back its own shares and accelerate plans for Australian wind farm developments, chief executive Marko Bogoievski said. “The...

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