Infratil

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Infratil Limited
Type Public
Traded as NZX: IFT
ASXIFZ
Industry Electricity generation
Electricity retailing
Natural gas retailing
Airports
Public transport
Founded 1994 (1994)
Headquarters Wellington, New Zealand
Key people Mark Tume, Chairman
Marko Bogoievski, CEO
Kevin Baker, CFO
Bruce Harker, Energy
Tim Brown, Investor Relations
Website www.infratil.com

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

History[edit]

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[edit]

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

Energy[edit]

  • Lumo Energy
  • Trustpower
  • Z Energy. On 29 March 2010 a consortium owned 50% by Infratil and 50% by the Guardians of New Zealand Superannuation executed a sale and purchase agreement for the acquisition of Shell New Zealand’s distribution and retail businesses and 17.1% interest in the New Zealand Refining Company. The agreement was completed on April 1, 2010.[3] Initially named Greenstone Energy, it began to re-brand the service stations as Zed in May 2011. Chief executive Mike Bennetts said that the cost of using the Shell brand, believed to be about NZ$10 million a year, was a factor in the decision.[4]

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

Transport[edit]

A new Link bus near Auckland Hospital
Wellington Airport from Mt Victoria

Current[edit]

Former[edit]

Property[edit]

  • Infratil Infrastructure Property

References[edit]

  1. ^ "Deloitte/Management Magazine Company of the Year" (PDF). New Zealand Management. December 2007. Retrieved 2009-06-29. 
  2. ^ "Infratil Annual Report" (PDF). www.infratil.com. 2011-06-26. Retrieved 2011-06-26. 
  3. ^ NZX announcement
  4. ^ Rutherford, Hamish (11 May 2011). "Shell petrol stations to be renamed 'Z'". The Dominion Post. Retrieved 4 October 2011. 
  5. ^ NZX announcement
  6. ^ "Infratil acquires Stagecoach for $250m". National Business Review. 2005-11-21. Retrieved 2009-06-29. 
  7. ^ http://www.bbc.co.uk/news/uk-scotland-glasgow-west-25055531
  8. ^ http://www.bbc.co.uk/news/uk-england-kent--25154220
  9. ^ NZX announcement

External links[edit]