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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 11.32 | 11.40 | 11.99 | 0.00 | 21:07:59 |
From Dec 2019 to Dec 2024
By Rebecca Howard
WELLINGTON--Transport energy company Z Energy is preparing for a potential listing on the New Zealand stock exchange, Infratil Ltd. (IFT.NZ) and the New Zealand Superannuation fund said Friday.
Z Energy was purchased by Infratil and the Fund from Royal Dutch Shell PLC (RDSA.LN, RDSA, RDSB.LN, RDSB) in April 2010, with each party taking a 50% share.
"While no firm decisions have been made, and any listing will depend on market conditions at the time, we have asked Z Energy to work towards a possible listing of 40%-60% of the company in the third quarter of 2013," the parties said in a joint statement.
While no final decisions have been made both said they would likely retain stakes in the company of between 20% and 30% each.
Write to Rebecca Howard at rebecca.howard@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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