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==History==
==History==
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.<ref>{{cite web
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.<ref>{{cite web
| title = Deloitte/Management Magazine Company of the Year
|title = Deloitte/Management Magazine Company of the Year
| work = New Zealand Management
|work = New Zealand Management
| date = December 2007
|date = December 2007
| url = http://www.management.co.nz/top200/pdf/Company07.pdf
|url = http://www.management.co.nz/top200/pdf/Company07.pdf
| format = PDF
|format = PDF
|accessdate = 2009-06-29
⚫
| accessdate = 2009-06-29 }}</ref> From its founding in 1994 to March 31, 2011 Infratil delivered average annual returns of 18%.<ref>{{cite web
|deadurl = yes
|archiveurl = https://web.archive.org/web/20081014064813/http://www.management.co.nz/top200/pdf/Company07.pdf
|archivedate = 2008-10-14
|df =
⚫
}}</ref> From its founding in 1994 to March 31, 2011 Infratil delivered average annual returns of 18%.<ref>{{cite web
| title = Infratil Annual Report
| title = Infratil Annual Report
| publisher = www.infratil.com
| publisher = www.infratil.com

Revision as of 22:29, 13 November 2017

Infratil Limited
Company typePublic
NZX: IFT
ASX: IFT
IndustryElectricity generation
Electricity retailing
Airports
Public transport
Founded1994; 31 years ago
HeadquartersWellington, New Zealand
Key people
Marko Bogoievski (CEO)
Mark Tume, Chairman
Phillippa Harford, CFO
Tim Brown, Investor Relations
Increase $909.5 Million (2015)
ParentH. R. L. Morrison & Co
Websitewww.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

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

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

Energy

  • Trustpower - 50.59% [3]
  • Tilt Renewables
  • 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.[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

  • 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

Former

  • 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 November 28, 2013. On 7 April 2017 Infratil sold its 19.91% holding via a block trade on the NZX.

Transport

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

Current

Former

Data infrastructure

  • 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.


References

  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. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  2. ^ "Infratil Annual Report" (PDF). www.infratil.com. 2011-06-26. Retrieved 2011-06-26.
  3. ^ https://www.companiesoffice.govt.nz/companies/app/ui/pages/companies/565426/shareholdings?backurl=%2Fcompanies%2Fapp%2Fui%2Fpages%2Fcompanies%2Fsearch%3Fmode%3Dstandard%26type%3Dentities%26q%3Dtrustpower
  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. ^ https://www.business.govt.nz/companies/app/ui/pages/companies/922040/shareholdings
  8. ^ https://www.business.govt.nz/companies/app/ui/pages/companies/396240/shareholdings
  9. ^ "Infratil acquires Stagecoach for $250m". National Business Review. 2005-11-21. Retrieved 2009-06-29.
  10. ^ http://www.bbc.co.uk/news/uk-scotland-glasgow-west-25055531
  11. ^ http://www.bbc.co.uk/news/uk-england-kent--25154220
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