NZ infra investor Infratil to buy nearly 50% stake in One New Zealand for $1.1b

NZ infra investor Infratil to buy nearly 50% stake in One New Zealand for $1.1b

Photo: Thomas Coker/ Unsplash.com

New Zealand’s infrastructure investor Infratil said on Wednesday it will acquire Canada’s Brookfield Asset Management’s stake in One New Zealand for NZ$1.8 billion ($1.1 billion) to strengthen its digital and renewable portfolio.