Infratil and the perils of doing business with government agencies

Infratil and the perils of doing business with government agencies
Greater Wellington Regional Council chair Daran Ponter was weeping crocodile tears.
Jenny Ruth
Infratil can't have got the memo: beware of doing business with government agencies.It plans to pay up to $350 million for a majority stake in Pacific Radiology, a company that depends on ACC for 34% of its revenue and on district health boards for another 15%.The purchase is despite Infratil having ample experience of what can go wrong when doing business with the public sector.Take New Zealand Bus; under Infratil's ownership, it lost a swag of bus routes in Auckland and Wellington because the local councils insisted on putting the con...

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025