AustralianSuper said it believed that the proposal, if implemented, would unlock significant value for Infratil shareholders and that it "seeks engagement" with the Infratil board in relation to the proposal. "AustralianSuper currently has NZ$1.3 billion invested in New Zealand, reflecting our long-term confidence in this market. "We believe our proposal, if implemented, would deliver an attractive premium for Infratil shareholders," Kemp said. AustralianSuper will continue to seek engagement with the Board of Infratil to affordInfratil shareholders the opportunity to assess our proposal in full," Kemp said. Among its other assets, Infratil has significant commercial real estate portfolio, Australian retirement villages and a 40 per cent stake in Swiss green energy company Galileo.

Source: New Zealand Herald December 08, 2020 05:34 UTC