Infratil Portfolio Companies Worth Nearly NZ$8 Billion

MT Newswires Live07-29

Infratil (NZE:IFT, ASX:IFT) said an independent valuation of its six portfolio companies showed they are now worth nearly NZ$8 billion, up from NZ$7.49 billion three months ago.

The infrastructure investor said Longroad Energy's valuation fell in the three months through June 30, while all other portfolio companies' valuations rose, according to a Monday bourse filing.

Longroad declined from NZ$1.95 billion as of March 31 to NZ$1.83 billion as of June 30, largely due to an increase in discount rates outweighing minor positive updates to operating forecasts.

CDC's valuation rose from NZ$4.41 billion on March 31 to NZ$4.95 billion on June 30, while Galileo's climbed from NZ$240.7 million to NZ$241.9 million, the filing said.

The value of Mint Renewables surged from NZ$2 million to NZ$13.3 million, while that of Qscan Group jumped from NZ$411.9 million to NZ$424.6 million.

RetireAustralia's valuation went up from NZ$464.4 million to NZ$492.9 million.

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