IFT - Infratil

[Bjauck]

Personally I would have liked to see them acquire it. I'm a bit stumped with the others lately, but this seemed to line up with their portfolio nicely, never mind.

I was broadly in favour of the TPI purchase too. Perhaps IFT was not willing to stump up with as much as the Chinese. It would have been good for IFT to do a Z Energy style turn around with Waste Management with an eventual refloat on the NZX. I see TPI.AX sp is up a tad against a falling market- so it appears the market is please with the price they got for Waste Management NZ.

I wonder what will happen with MET? Will there be a further buy in at some stage? Maybe they just saw an undervalued company in a growth sector with potential.