Infratil completes acquisition of Vodafone New Zealand

Company News

by Rachael Jones

Infratil (ASX:IFT) and Brookfield Asset Management have completed the acquisition of Vodafone New Zealand.

On 14 May 2019 a consortium comprising Infratil and Brookfield announced it had executed a conditional agreement to acquire Vodafone New Zealand from Vodafone Group Plc for an enterprise value of NZ$3.4 billion.

Following the Commerce Commission clearance and Overseas Investment Office approvals which were announced on 12 July, Infratil confirms that the Acquisition was completed today.

Shares in Infratil (ASX:IFT) last traded at $4.39.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.