Infratil shareholders asked to invest more for lucrative datacentre play

Infratil shareholders asked to invest more for lucrative datacentre play
Infratil CEO Jason Boyes says CDC continues to see a surge in demand for datacentre capacity. (Image: NZME)
Rebecca Stevenson
Listed infrastructure investor Infratil is doubling down on datacentres, announcing a $1.15 billion equity raise.The firm told the New Zealand Exchange (NZX) it would use the money to invest further into datacentres, which had been a winner for Infratil, with its existing investments seeing strong growth. Infratil entered a trading halt on Monday morning. Infratil chief executive Jason Boyes said its investment into Australasian datacentre developer and operator CDC had been one of the company’s most successful investments,...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025