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(Reuters) -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.
Infratil will have full control over the digital services and connectivity provider after buying the 49.95% stake. It will fund the purchase through a NZ$850 million equity raising.
"Beyond One NZ, we continue to see exciting near-term opportunities for inv...
>>> Read more: NZ's Infratil to buy stake in One New Zealand for $1.1 billion
Infratil will have full control over the digital services and connectivity provider after buying the 49.95% stake. It will fund the purchase through a NZ$850 million equity raising.
"Beyond One NZ, we continue to see exciting near-term opportunities for inv...
>>> Read more: NZ's Infratil to buy stake in One New Zealand for $1.1 billion
