ENERGY, airport and transport investor Infratil says it has provided interested parties with a confidential information memorandum on its Infratil Energy Australia (IEA) business.
THE Wellington-based investor, which is managed by Morrison & Co, expects indicative offers for the assets by mid-July.
It flagged, with its results in May, that it had started a review of the Lumo and Direct Connect Australia units of IEA to determine whether to sell the businesses.Earnings at IEA fell to $78 million in the year ended March 31, from $97.7m a year earlier, with the decline inflated in the company's books by the effect of translating earnings back into a strong kiwi dollar.Anda sedang membaca artikel tentang
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