Infratil seeks more investment


FILE PHOTO: A jogger runs along the seawall in Auckland September 26, 2011, with the city skyline in the background. REUTERS/Stefan Wermuth/File Photo

WELLINGTON: New Zealand’s infrastructure investor Infratil says it is looking to raise NZ$1.15bil (US$703.8mil) to fund further investment into data centre operator CDC for increased demand for cloud adoption and generative artificial intelligence.

The fund raising will comprise of an underwritten placement of NZ$1bil and a non-underwritten retail offer of NZ$150mil.

The placement shares will be issued at NZ$10.15 apiece, representing a discount of 6.8% to the company’s close of NZ$10.89 last Friday, while shares to be issued under the retail offer will be issued at a price that is lower than the placement, Infratil said. — Reuters

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Infratil , investment , AI , data centre

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