17 Nov 2006
Infratil announces that it has placed 12,350,000 TrustPower Limited ("TPW") ordinary shares at $7.00 per share under a book build undertaken on its behalf by ABN Amro.
The shares are part of those acquired through Infratil's purchase of Alliant Energy New Zealand Limited ("AENZ").
The sale, together with the exercise of the option held by the Tauranga Energy Consumer Trust to acquire 4.4% of AENZ's TPW shares, will leave Infratil with a 50.5% shareholding in TPW after the settlement of the AENZ purchase. The sale of these 12,350,000 TPW ordinary shares remains subject to certain conditions relating to the settlement of the acquisition of AENZ which is scheduled to occur on 29 December 2006.. Settlement of the placement of the 12,350,000 TPW ordinary shares is scheduled to occur on 3 January 2007.
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