RESEND: Infratil shares gain on Australian energy sale, manager books $44 million fee

Sun, 14 Sep 2014

(Fixes garble in first graph) By Suze Metherell Sept. 15 (BusinessDesk) - Infratil shares rose to the highest in more than six years on the prospect of a capital return after the A$605 million sale of its Australian energy operations, which will generate a $44 million fee for manager HRL Morrison and Co. The Wellington-based company sold Lumo Energy and Direct Connect Australia after reviewing its ownership of the assets in May, and the deal is expected to complete at the end of this month, Infratil said in a statement late on Friday....

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