UPDATE: Infratil plans $120M return to shareholders; shares gain

Tue, 11 Nov 2014

(Adds investor comment, updates shares) By Tina Morrison Nov. 11 (BusinessDesk) - Infratil shares rose to the highest in more than seven years after the infrastructure investor said it would return $120 million to investors via a special dividend and share buyback. The capital return follows the sale of its Australian energy assets for a net $670 million. It's keeping a chunk of the funds for future investments and expects to return more capital to investors should its plans fail to pan out. Wellington-based Infratil will pay $84 mi...

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