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...

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