RESEND: Infratil executive Lib Petagna sells 3 million shares, ACC beefs up stake

Tue, 28 Oct 2014

(Fixes missing word in 4th graph) By Paul McBeth Oct. 28 (BusinessDesk) - Lib Petagna, the chief investment officer of HRL Morrison & Co which manages Infratil, has sold down his stake in the listed infrastructure investor, with Accident Compensation Corp's investment portfolio taking up the majority of the shares. JML Capital, an entity related to Petagna, sold 3 million shares on market at $2.81 on Oct. 24, reaping $8.43 million, according to a notice to the stock exchange. JML held 11.42 million shares as at May 19, or 1.95 percent...

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