Markets Analysis

ACC has been selling Infratil for years

Dan Brunskill
Wed, 16 Dec 2020

ACC has been selling Infratil for years
Dan Brunskill
Wed, 16 Dec 2020
Perhaps it should be no surprise that Accident Compensation Corp is open to a takeover of Infratil: the workplace insurer has been selling down its stake since 2015.ACC first revealed it held 8.5 percent of Infratil, worth $17.6 million, in February 2008. Shares in the infrastructure investor were then trading at $2.35.That holding was up from the 1.5 percent level disclosed in Infratil's 2007 annual report, worth $21.6 million, or $6.58 a share, coming before that year's two-for-one share split and subsequent one-for-five rights issue....

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