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 reaches 29-month high
Markets Market close

NZ sharemarket reaches 29-month high

The S&P/NZX 50 Index closed at 12,292.03, up 107.54 points or 0.88%.

Price changes possible for Auckland Airport following ComCom review
Markets

Price changes possible for Auckland Airport following ComCom review

Auckland International Airport is set to consider price changes following ComCom findings.

Synlait Milk withdraws guidance after ‘unforeseen’ year-end timing
Primary Sector

Synlait Milk withdraws guidance after ‘unforeseen’ year-end timing

Continuing uncertainty means it can’t provide an updated outlook.

Whole milk powder prices take another hit
Primary Sector

Whole milk powder prices take another hit

The GDT price index increased, despite fall.