Morrison & Co's Lib Petagna still selling Infratil shares

Wed, 20 Jan 2016

By Sophie Boot Jan. 20 (BusinessDesk) - HRL Morrison & Co's Lib Petagna has continued to sell down his stake in Infratil as he scales back his role with the investment bank managing the listed infrastructure investor. JML Capital, an entity related to Petagna, sold 2.1 million shares on Jan. 15 on market at $3.13 apiece, for a total of almost $6.6 million, and leaving him with just over 3 million shares, according to documents lodged with the NZX. Since October 2014, Petagna has cut his stake in Infratil by almost three-quarters, selling...

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