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Thread: IFT - Infratil

  1. #1151
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    Quote Originally Posted by psychic View Post
    Infratil Commits to Buy a 19.9% Interest in Metlifecare Ltd
    8:35am, 25 Oct 2013 | ASSET
    Infratil advises that it has entered into a conditional sub-underwriting agreement with Goldman Sachs New Zealand Limited to acquire a 19.9% interest in Metlifecare Limited
    for consideration of NZ$147.9m (NZ$3.53 per share)
    They bought it with the Superfund so each have a 19.9% holding now. Looks like they are joined at the hip.
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  2. #1152
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    Apparently NZ Super Fund's share is only 17%. NZ Super Fund has no reason not to stick with Infratil / Morrisson and Co after the success of Z.

    "Its Metlifecare stake cost it $147.9 million, and the NZ Super Fund bought its latest 17 percent for $126 million, with both purchases were at $3.53 a share."

    http://www.sharechat.co.nz/article/8...tlifecare.html

  3. #1153
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    Well I guess the partnership worked with Z..
    Kinda feels a bit queer holding both MET and IFT now

  4. #1154
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    Quote Originally Posted by swillisam View Post
    Apparently NZ Super Fund's share is only 17%. NZ Super Fund has no reason not to stick with Infratil / Morrisson and Co after the success of Z.
    But they already owned a bit so they are both at 19.9%.
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  5. #1155
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    Quote Originally Posted by psychic View Post
    Well I guess the partnership worked with Z..
    Kinda feels a bit queer holding both MET and IFT now
    Disc: Hold IFT, TPW, ZEL, MET.

    They own WEL, I own AIA
    They own TPW, I own that as well as other power co's.
    They own a NZBus, I indirectly have an interest in a bus company.
    Do they own anything else?

    If its good for them, it is good for me.
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  6. #1156
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    Thanks CJ
    You happy , me happy

  7. #1157
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    Quote Originally Posted by CJ View Post
    Disc: Hold IFT, TPW, ZEL, MET.

    They own WEL, I own AIA
    They own TPW, I own that as well as other power co's.
    They own a NZBus, I indirectly have an interest in a bus company.
    Do they own anything else?

    If its good for them, it is good for me.
    Infratil have LUMO their Australian energy business and Snapper etc.

  8. #1158
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    trading halted?

  9. #1159
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    Quote Originally Posted by swillisam View Post
    Snapper
    Snapper is a dead dog. Its just a ticketing system which any bus company needs to have. If they managed to get the AT contract, it would have been great but that when to Thales at significant expense to the ratepayer.
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  10. #1160
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    Plus Plus

    ASSET: IFT: Infratil commits to Australian PPP projects

    Infratil today announced an intention to commit A$100 million to pursue
    greenfield availability based public-private partnership ("PPP")
    opportunities in Australia via the Australia Social Infrastructure Partners
    ("ASIP") platform. The ASIP platform consists of two vehicles managed by
    H.R.L. Morrison & Co.; Leighton Contractors Infrastructure Partners and
    Public Infrastructure Partners Australia, established in 2012. ASIP has
    currently invested in 9.95% and 49.9% respectively of the equity in the
    A$1.85billion New Royal Adelaide Hospital PPP and the A$232m South East
    Queensland Schools PPP.

    Infratil Chief Executive, Marko Bogoievski commented that, "Infratil has been
    assessing the Australian PPP market for some time, and in particular the best
    access point to pursue the significant pipeline of development opportunities
    that exists across the education, health and transport sectors. Infratil has
    observed that greenfield PPP investments offer risk-adjusted development
    returns that are comparable to the returns available in adjacent
    infrastructure sectors such as greenfield Australian wind projects."

    The commitment establishes a new strategic alliance between Infratil and
    Leighton Contractors. Leighton Contractors, a wholly-owned subsidiary of
    Leighton Holdings Limited, is one of Australia's leading contracting and
    project development groups, with over $13 billion work in hand and employing
    more than 14,000 people across Australia, New Zealand, Papua New Guinea and
    Africa. The company delivers projects for clients across the infrastructure,
    mining, telecommunications, civil construction, industrial, energy, health
    and services sectors.

    Under the alliance arrangements between H.R.L. Morrison & Co and Leighton
    Contractors, Infratil and other institutional investors have the opportunity
    to participate as equity investors in future Leighton Contractors' PPP
    projects via the Leighton Contractors Infrastructure Partners vehicle. The
    terms of the strategic alliance allow for additional co-investment by
    Infratil in Leighton Contractors' PPP projects and also provides the
    flexibility to pursue greenfield projects where Leighton Contractors is not
    involved.

    Leighton Contractors is currently participating in bids for the Queensland
    Schools, North-West Rail (NSW) and East-West Link (Vic) availability-based
    PPP projects, and is well placed to succeed in bids for A$30bn of PPP
    projects to be procured by state and federal governments in the near to
    medium term.

    Infratil's commitment in the strategic alliance is to be formalised before
    year end, with Infratil's capital commitment likely to be called over a 2-3
    year period as bids are awarded.

    Marko Bogoievski
    Chief Executive Officer
    End CA:00242880 For:IFT Type:ASSET Time:2013-10-25 10:04:09

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