Infratil to raise NZ$850m for One NZ acquisition
Infratil Limited has reached an agreement with Brookfield Asset Management to acquire its 49.95% stake in One New Zealand for NZ$1.8 billion ($1.1 billion).The acquisition values One NZ at an enterprise value of NZ$5.9 billion and increases Infratil’s ownership from 49.95% to 99.90%.Infratil...