Infratil Flags Potential for Divestments for Further NZ$1 Billion, Shares Fall 6%
MT Newswires Live
May 26
Infratil (ASX:IFT, NZE:IFT) said there was potential for divestments for a further NZ$1 billion or more over the medium term as it assesses the growth outlook and scale opportunities of its existing assets, according to filings with both the Australian and New Zealand bourses.
A sale process is currently underway for its stake in Australian medical imaging provider Qscan.
It also plans to lodge a product disclosure statement for an inaugural offering of capital bonds on Tuesday.
Its shares fell over 6% on the New Zealand bourse in recent trading on Tuesday and over 5% on the Australian bourse.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.