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Infrastructure
Infratil, Brookfield to pay $2.06B cash and assume $1.34B of debt for Vodafone NZ
By Rebecca Howard May 14 (BusinessDesk) - Infratil and Brookfield Asset Management's $3.4 billion purchase of Vodafone NZ will see them each pay $1.03 billion for a 49.9 percent stake. The balance will come from taking on about $1.34 billion of Vodafone New Zealand's debt,...
Infrastructure
UPDATE: Infratil, Brookfield purchase values Vodafone NZ at $3.4 billion
(Updates to add detail, financials in paragraph seven) By Rebecca Howard May 14 (BusinessDesk) - Vodafone Group has sold Vodafone New Zealand to a consortium comprising Infratil and Canada's Brookfield Asset Management for an enterprise value of $3.4 billion, it said in a...
Infrastructure
UPDATE: Trustpower well-positioned for volatile market, renewables development
(Updates with comment from CEO Hawksworth from third paragraph. Adds detail throughout.) By Gavin Evans May 13 (BusinessDesk) - Trustpower says a “material” volume of new generation will be required to meet demand during the next three years and wholesale prices are likely...
Vital won't participate in Healthscope purchase
By Jenny Ruth May 10 (BusinessDesk) - Vital Healthcare Property Trust’s manager says it won’t proceed with the Healthscope purchase and the manger’s chief executive, David Carr, has resigned. Carr will be replaced by Miles Wentworth who had managed the NZX-listed Vital when...
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