Infratil to raise $1.15b as NZ market sinks

Infratil to raise $1.15b as NZ market sinks
“The CDC datacentres are proving to be a very, very good investment for Infratil.” (Image: Supplied)
Paul McBeth
New Zealand shares fell in subdued trading conditions, driven partly by investors selling out of other positions to participate in Infratil’s mammoth $1.15 billion capital raising. The S&P/NZX 50 Index fell 166.39 points, or 1.4%, to 11,698.51. Within the main board, 78 stocks fell, 50 rose, and 53 were unchanged. Turnover was $118.4 million, with just five companies trading on volumes of more than a million shares. Trading of Infratil shares was halted at $10.89 before the market opened as the infrastructure investment firm...

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