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IFT Infratil Ltd

11.53
0.21 (1.86%)
05 Dec 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Infratil Ltd ASX:IFT Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.21 1.86% 11.53 11.40 11.69 11.63 11.40 11.44 328,395 07:50:00

Infratil Consortium Expects To Purchase Shell New Zealand Downstream Assets

01/03/2010 5:16am

Dow Jones News


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Infratil said Monday it expects a consortium it leads to complete the purchase Shell New Zealand's downstream assets on March 31.

The consortium, which includes the New Zealand Superannuation Fund, still has to obtain a number of third-party consents and approvals, but these are in the final stages of being negotiated and secured, it said in its monthly operational report.

"Documentation of the planned acquisition of Shell New Zealand's sales and distribution business is at an advanced stage," it said.

The Infratil-led consortium entered into exclusive talks with Shell in November 2009.

Lucy Craymer, Dow Jones Newswires; 64-4-471-5990; lucy.craymer@dowjones.com

 
 

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