The Markets

Shares surge on Infratil's $3b Tilt sale

Monday 15th of March 2021

The S&P/NZX 50 Index rose 165.49 points, or 1.3 percent, to 12,592.26. Within the index, 35 stocks rose, 11 fell and five were unchanged. Turnover was $145.5 million.

In February, Infratil’s senior management told investors it was “crystal clear” that refusing AustraliaSuper’s $5.7b takeover bid put them “on the hook” to prove its portfolio had un...

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