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Infratil Limited
Traded asNZX: IFT
IndustryElectricity generation
Electricity retailing
Renewable energy
Public transport
Data center
Founded1994; 25 years ago
HeadquartersWellington, New Zealand
Key people
Marko Bogoievski (CEO)
Mark Tume, Chairman
Phillippa Harford, CFO
Tim Brown, Investor Relations
Increase $1,233.9 Million (2018)
ParentH. R. L. Morrison & Co

Infratil Limited is a New Zealand-based infrastructure investment company. It owns airports, electricity generators and retailers, Renewable energy and a public transport business, with operations in New Zealand and Australia and the US. 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.


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 31 March 2018 Infratil delivered average annual returns of 16.6%.[2]


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


  • Trustpower - 50.59% [3]
  • Tilt Renewables
  • Longroad Energy
  • 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 1 April 2010.[4] Initially named Greenstone Energy, it began to re-brand the service stations as Z 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.[5] Infratil sold the remaining 20% stake in Z Energy in September 2015.
  • Energy Developments Limited. 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.[6]

Social Infrastructure[edit]

  • RetireAustralia In December 2014 Infratil and its partner, the New Zealand Superannuation Fund, each acquired 50% of RetireAustralia, a retirement operator with headquarters in Brisbane, Australia and over 3600 independent living units and apartments across 28 villages in NSW, SA and QLD.
  • Infratil Infrastructure Property


  • Metlifecare. On 25 October 2013 Infratil advised the NZX it was to acquire a 19.9% in Metlifecare New Zealand's second largest village and aged care operator. The agreement was completed on 28 November 2013. On 7 April 2017 Infratil sold its 19.91% holding via a block trade on the NZX.


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



Data infrastructure[edit]

  • Canberra Data Centres Infratil has a 48% shareholding alongside Commonwealth Superannuation Corporation (48%) and CDC's executive (4%) Data centres are facilities that house computer systems, networking, telecommunications and storage infrastructure, they are built with high-redundancy power supplies, environmental controls (e.g. cooling, fire suppression) and security systems.


  1. ^ "Deloitte/Management Magazine Company of the Year" (PDF). New Zealand Management. December 2007. Archived from the original (PDF) on 2008-10-14. Retrieved 2009-06-29.
  2. ^ "Infratil Annual Report" (PDF). 2018-05-26. Retrieved 2018-05-26.
  3. ^ "Shareholdings".
  4. ^ "NZX announcement".
  5. ^ Rutherford, Hamish (11 May 2011). "Shell petrol stations to be renamed 'Z'". The Dominion Post. Retrieved 4 October 2011.
  6. ^ "NZX announcement".
  7. ^ "Shareholdings".
  8. ^ "Shareholdings". Retrieved 2019-05-09.
  9. ^ "Infratil acquires Stagecoach for $250m". National Business Review. 2005-11-21. Retrieved 2009-06-29.
  10. ^ "Infratil sells NZ Bus to private equity buyers". 24 December 2018. Retrieved 24 December 2018.
  11. ^ "Airport in £1 public ownership deal". 24 November 2013 – via
  12. ^ [1][dead link]

External links[edit]