In today’s briefing:
- Infratil Placement – Acquisition of Familiar Asset at Higher Multiples, Stock Is Toppish
Infratil Placement – Acquisition of Familiar Asset at Higher Multiples, Stock Is Toppish
- Infratil Ltd (IFT NZ) aims to raise around US$456m (NZ$750m) via an institutional placement.
- Proceeds from the placement will be used to acquire the remaining stake on One New Zealand from Brookfields.
- In this note, we will talk about the placement and run the deal through our ECM framework.
💡 Before it’s here, it’s on Smartkarma
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