Saville's Utilico sells more Infratil shares, whittling stake down to 2.5%

Fri, 27 May 2016

By Paul McBeth May 27 (BusinessDesk) - Utilico Investments has continued to sell shares in infrastructure investment firm Infratil, and now owns just 2.5 percent of the company. UK-listed Utilico, which is managed by Infratil director Duncan Saville's ICM Investment Management, sold 6 million shares for $19.9 million, leaving it with just 14 million Infratil shares, a note to the stock exchange said. Utilico was one of the firm's biggest shareholders with a 20 percent stake before it started selling in 2010. Accident Compensation Corp...

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