Utilico reaps $30.7 mln in Infratil share sell-down

Thu, 15 Jan 2015

By Paul McBeth Jan. 15 (BusinessDesk) - Utilico Investments, a UK investor managed by Infratil director Duncan Saville, reaped $30.7 million selling down its stake in Infratil with the shares trading near a seven-year high. The investment firm, which once counted Infratil as its biggest holding, yesterday sold 10.4 million shares on market at $2.95 apiece, according to documents lodged with the stock exchange. That lowered the investor's stake in Infratil to 6.9 percent from a previously disclosed 8.8 percent level. The shares rose 0.7 pe...

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