Saville's Utilico continues Infratil selldown, reducing stake to 6.5%

UK investment house Utilico Investments has continued to reduce its stake in Infratil, raising $7.9 million in an on-market selldown this month.

Utilico sold 2.43 million shares at $3.254 apiece, reducing its holding in the Wellington based investment group to 6.5 percent.

Utilico has a long association with Infratil and is managed by Infratil director Duncan Saville. It began trimming its stake in 2010, when it owned almost a fifth of the company.

In January, Utilico sold 10.4 million Infratil shares at $2.95 apiece, with most bought by the Accident Compensation Corp's investment arm, which now owns 11.3 percent of the company.

Infratil shares rose 0.2 percent to $3.235 and have climbed 117 percent in the past five years. The stock is rated a 'hold' based on the consensus of six analysts polled by Reuters.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PFI Announces Interim Results
February 24th Morning Report
THL - FY26 Interim Results: underlying NPAT up 11%, 3cps dividend
FPH updates FY26 revenue and earnings guidance
February 23rd Morning Report
February 20th Morning Report
SCL - Chief Financial Officer Transition
BLS - Strong YTD performance
CEN announces opening of NZ$75 million Retail Offer
AIA - 1H26 Interim Results