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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.02 | -0.20% | 10.19 | 10.10 | 10.35 | 10.34 | 10.13 | 10.20 | 1,159,470 | 09:50:00 |
From Jun 2019 to Jun 2024
Merchant bank Morrison & Co. said Tuesday utilities investor Infratil Ltd. (IFT.NZ) in consortium with the government New Zealand Superannuation Fund has entered into exclusive negotiations with Royal Dutch Shell Plc (RDSA) over the possible acquisition of Shell New Zealand's refining and downstream distribution and retailing businesses.
In a statement, Morrison & Co. which has close connections to Infratil, said the scope of the proposed transaction includes but is not limited to a 17.1% stake in the New Zealand Refining Company, Shell New Zealand's supply-and-distribution infrastructure and its retail and B2B fuel business.
"The consortium has submitted a non-binding conditional proposal to Shell and has entered into the final phase of due diligence," it said.
"Discussions and negotiation will continue during November and further advice on the status of the discussions will be provided as material developments occur."
-By Simon Louisson, Dow Jones Newswires; 64-4-471-5990; simon.louisson@dowjones.com
1 Year Infratil Chart |
1 Month Infratil Chart |
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