UPDATE: Infratil investors watch $1 billion war chest

Wed, 18 May 2016

(Recasts and adds comment from briefing, analyst) By Paul McBeth May 18 (BusinessDesk) - Infratil investors are waiting to see what the listed investment firm will do with the $1 billion war chest it's built up since selling its Z Energy, Lumo and iSite holdings in the 2016 financial year. The Wellington-based company is sitting on cash of almost $730 million and unused credit lines of about $270 million which it plans to invest both within its existing units and in new opportunities. Chief executive Marko Bogoievski told a briefing i...

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