Infratil to take ownership of One NZ and raise $850m

Wed, 07 Jun 2023

Infratil has announced plans to acquire Brookfield Asset Management's stake in One NZ for $1.8 billion. The move will increase Infratil's shareholding in One NZ from 49.95% to 99.9% and the acquisition will be partially funded by an $850 million equity raise along with cash reserves and debt facilities of $950m.Infratil chief executive Jason Boyes said the case for increased investment in One NZ was "strategically and financially compelling" for his company. "One NZ has had strong momentum following the recent...

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