HomeInfratil News2009Infratil subsidiary NZ Bus sells stake in Fullers Ferries

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Infratil subsidiary NZ Bus sells stake in Fullers Ferries

6 Apr 2009

Infratil advises that it has sold its interests in Fullers Ferries to Souter Holdings with a settlement date of 8 April 2009.

In the year to 31 March 2009 Fullers Ferries is forecast to have EBITDAF earnings of $5 million.

Since Infratil acquired its interest in Fullers in November 2005 the Auckland ferry services have maintained and grown profitability and patronage and two new ferries have been acquired.

Including this transaction Infratil has now announced divestment transactions which will result in the receipt of over $100 million in the 2009/10 financial year.

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