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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
Utilities and airport investor Infratil Ltd. (IFT.NZ) and the New Zealand Superannuation Fund said Monday they have executed a sale and purchase agreement for Shell New Zealand's distribution and retail business and a 17.1% stake in the New Zealand Refining Company (NZR.NZ).
The base purchase price is NZ$696.5 million plus an adjustment for actual net working capital in excess of NZ$208 million at settlement date.
Total equity provided by Infratil and the NZ Superannuation fund will amount to NZ$420 million, with the balance of the purchase to be bank funded.
Along with the stake in NZ Refining, the purchase also includes NZ-wide distribution, storage, marine and aviation assets, the rights to use the Shell retail brand, a 25% share in Loyalty New Zealand and the ongoing supply of Shell Fuels and products.
Shell New Zealand is a unit of Royal Dutch Shell PLC (RDSA).
-By Rebecca Howard, Dow Jones Newswires; 64-4-471-5990; rebecca.howard@dowjones.com
1 Year Infratil Chart |
1 Month Infratil Chart |
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