Infratil

Infratil Limited
Type Public (NZX: IFT)
Industry Electricity generation
Electricity retailing
Natural gas retailing
Airports
Public transport
Founded 1994 (1994)
Headquarters Wellington, New Zealand
Key people David Newman, Chairman
Lloyd Morrison, Founder
Marko Bogoievski, CEO
Kevin Baker, CFO
Dr. Bruce Harker, Energy
Tim Brown, Investor Relations
Website www.infratil.co.nz

Infratil Limited (NZX: IFT) is a New Zealand-based infrastructure investment company. It owns several airports, electricity generators and retailers, and a public transport business, with operations in New Zealand, Australia and Europe. Infratil was founded by Lloyd Morrison, a Wellington-based merchant banker. Morrison's company, H. R. L. Morrison & Co, is responsible for Infratil's management and administration.

Contents

History

Infratil was one of the world's first listed infrastructure funds when it was established and listed on the New Zealand Exchange in 1994. Its first investment was a minority stake in TrustPower. It expanded into airport ownership in 1998 when it bought a 66% shareholding in Wellington Airport. Infratil was named Deloitte/Management Magazine Company of the Year in 2007.[1] From its founding in 1994 to March 31, 2011 Infratil delivered average annual returns of 18%.[2]

Investments

The following companies are either wholly or partially owned by Infratil.

Energy

A holding in Energy Developments Limited [1] was sold into the takeover offer by Greenspark Power Holding Ltd for A$139.9 million in January 2010.[5]

Airports

Infratil is attempting to develop a new commercial airport at Whenuapai in New Zealand.

Transport

Property

References

  1. ^ "Deloitte/Management Magazine Company of the Year" (PDF). New Zealand Management. 2007-12. http://www.management.co.nz/top200/pdf/Company07.pdf. Retrieved 2009-06-29. 
  2. ^ "Infratil Annual Report" (PDF). www.infratil.com. 2011-06-26. http://www.infratil.com/media/PDF/ift_ar2011.pdf. Retrieved 2011-06-26. 
  3. ^ NZX announcement
  4. ^ Rutherford, Hamish (11 May 2011). "Shell petrol stations to be renamed 'Z'". The Dominion Post. http://www.stuff.co.nz/dominion-post/news/4988846/Shell-petrol-stations-to-be-renamed-Z. Retrieved 4 October 2011. 
  5. ^ NZX announcement
  6. ^ NZX announcement
  7. ^ "Infratil acquires Stagecoach for $250m". National Business Review. 2005-11-21. http://www.nbr.co.nz/article/infratil-acquires-stagecoach-250m. Retrieved 2009-06-29. 

External links