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IFT - INFRATIL LIMITED.


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A new low today, presumably in this climate the great worry is that they have their fingers in the airport pie and nobody can afford to catch an airplane any more.

Then you can worry about the public transport changes in NZ.

 

Meanwhile the energy related assets should stand up well, they usually do.

 

Hopefully they will find something to buy at a good price in the coming months

 

regards

Paper Tiger

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AustralianSuper comes knocking, first at NZ$6.40 then NZ$7.43 a share

Infratil board dismissed the second offer, but it has firmly shut the door on AusSuper, saying "no further engagement is planned at this time" on a proposal that is described as having "significant deficiencies"."Both proposals were unsolicited and materially undervalue our significant renewable energy and digital infrastructure platforms," Infratil chief executive Marko Bogoievski said.

Seems they are after Tilt Renewables, which is under a recently announced strategic review following approaches, (hold 65% , and rest is listed on ASX and NZX) and CDC Data Centres, which is showing ongoing appreciation in value.

 

 

 

 

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