Type | Public (NZX: IFT) |
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Industry | Electricity generation Electricity retailing Natural gas retailing Airports Public transport |
Founded | 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.
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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]
The following companies are either wholly or partially owned by Infratil.
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]
Infratil is attempting to develop a new commercial airport at Whenuapai in New Zealand.
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