Infratil

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Infratil
legal form
ISIN NZIFTE0003S3
Seat Wellington , New ZealandNew ZealandNew Zealand 
Website www.infratil.com

The company Infratil is a New Zealand investment -Unternehmen based in Wellington . The company is listed in the NZX 50 Index on the New Zealand Exchange .

Business areas

According to its own statements, the company prefers to invest in companies in the infrastructure sector, whereby the company includes social institutions under social infrastructure. Accordingly, the business areas as of 2016 are divided into:

For its business, the company has founded numerous subsidiaries in the past, of which (as of 2016) fourteen still exist:

  • Infratil Investment Limited , incorporated on March 9, 1994
  • Infratil Energy New Zealand , founded on August 11, 1995, formerly Relshan Investments Limited , and before that IES New Zealand Limited , Alliant International New Zealand Limited , Alliant Energy New Zealand Limited
  • Infratil 1998 Limited , incorporated on July 14, 1998
  • Infratil Finanz Limited , incorporated on March 26, 1999
  • Infratil Australia Limited , incorporated on May 15, 2002
  • Infratil Europe Limited , founded on August 6, 2003
  • Infratil Gas Limited , incorporated on October 4, 2005
  • Infratil Energy Limited , incorporated on October 30, 2006
  • Infratil No. 1 Limited , incorporated on July 2, 2007
  • Infratil Infrastructure Property Limited , founded July 2, 2007, formerly Infratil No. 2 Limited and before that Infratil Property Limited
  • Infratil Insurance Co Limited , founded on July 2, 2007, formerly Infratil No. 3 Limited
  • Infratil Outdoor Media Limited , founded on July 2, 2007, formerly Infratil No. 4 Limited
  • Infratil No. 5 Limited , incorporated on July 3, 2007
  • Infratil 2016 Limited , incorporated on July 15, 2016

As of 2016 Infratil is :

  • with 51% in the New Zealand energy producer and supplier Trustpower ,
  • 100% in Perth Energy , an energy supplier in the Western Australian city of Perth ,
  • with 66% at Wellington Airport ,
  • 100% owned by the New Zealand national bus company NZ Bus ,
  • with 50% in the Australian company Retire Australia , which operates retirement homes in three Australian states,
  • with 20% in the New Zealand company Metlifecare , which operates retirement homes in New Zealand,
  • 100% owned by the New Zealand company Snapper , which offers contactless electronic cards for shopping,

involved.

  • Commercial buildings are renovated and marketed under the Infrastructure Property division .

history

The company Infratil was on 27 January 1994 under the Companies Act 1955 as Infrastructure & Utilities NZ Limited in Wellington founded. The capital of the company was 1.40  NZ $ , divided equally between seven shareholders (six lawyers and one legal assistant) with 20 cents each. On January 31, 1994, a decision was made to increase the company's share capital to NZ $ 100 million in 20 cents each and to list it on the New Zealand Stock Exchange. Lloyd Morrision , an investment banker from Wellington, was the initiator of the company's formation. Through his company HRL Morrison & Co Limited he leads as Geschäftsbesorger the administration and the business activities of Infratil , which itself does not have its own administration and no employees. On February 11, 1994, a management contract was concluded between Infratil Limited and Infratil Management Limited , which was later renamed Morrison & Co Infrastructure Management Limited on December 9, 1996 , followed by HRL Morrison & Co Limited . The company HRL Morrison & Co Limited acts as an intermediary for investments by the Infratil company without any financial risk . The financial risk then lies with Infratil and its sponsors.

In addition to New Zealand and Australia, Infratil was also active in Europe, but has withdrawn from its European holdings and, according to the 2016 annual report, is only active in New Zealand and Australia.

Lübeck Airport

One of the European holdings was the airport in Lübeck , which Infratil took over 90% of the city of Lübeck for a purchase price of NZ $ 37 million in 2005 and sold back to the city in 2009 for NZ $ 64 million when the planned number of passengers did not increase realized. The purchase was also subjected to an investigation by the European Commission , which suspected that the trade was an illegal subsidy.

Kent Airport

Also in 2005, took over Infratil to Kent International Airport for the time 17 million  British pounds . In 2013 Infratil sold this airport after the airport's economic difficulties, but for a symbolic price of one pound. Buyer, Ann Gloag , was a family member of the investor. For this sale and the sale of the airport Glasgow-Prestwick , the company wrote 11 million pounds from his time.

Glasgow Prestwick Airport

The Scottish airport in the city of Glasgow , which had been owned by Infratil since January 2001 and most recently made a loss of two million pounds a year, was also sold for a symbolic price of one pound. The buyer was the Scottish government in November 2013.

When activating its airports in Europe, Infratil focused on working with the airlines Ryanair and Wizz Air ; as the above three examples show, not always with success.

Web links

  • Homepage . Infratil Limited,accessed August 21, 2016.

Individual evidence

  1. ↑ Contact . Infratil Limited , accessed August 21, 2016 .
  2. ↑ Business . Infratil Limited , accessed August 21, 2016 .
  3. ↑ a b c Infratil . https://www.business.govt.nz/companies/ , accessed on August 21, 2016 (English, All information used in the article about the Infratil company , its subsidiaries and contractual relationships are taken from the database).
  4. ↑ a b Infratil Annual Report 2016 . (PDF 2.6 MB) Infratil Limited , accessed on August 21, 2016 (English).
  5. ^ Infratil Property . Infratil Limited , accessed August 21, 2016 .
  6. ↑ Infratil Completes Purchase of 90% of Lubeck Airport in Germany . Infratil Limited , December 5, 2005, accessed August 21, 2016 .
  7. ^ Roeland van den Bergh : Infratil sells Lubeck Airport . Stuff - businessday , November 3, 2009, accessed August 21, 2016 .
  8. ^ Infratil Purchases Kent International Airport . Infratil Limited , August 25, 2005, accessed August 21, 2016 .
  9. ^ Infratil Purchase of Kent International Airport . Infratil Limited , August 28, 2005, accessed August 21, 2016 .
  10. ^ Infratil to sell Kent airport for one pound . Radio New Zealand , October 16, 2013, accessed August 21, 2016 .
  11. ^ The Morrison & Co Airport Group was one of the world's first airport investor operators. The team has taken part in over 40 privatization and secondary sale processes. . Morrison & Co , accessed August 21, 2016 .
  12. ^ Prestwick Airport sold to Scottish government for £ 1 . BBC News , November 23, 2013, accessed August 21, 2016 .