Infratil targets $1bn divestments, plans major energy investment

Infratil launched a disciplined divestment program targeting $1 billion in proceeds over the next two to three years, starting with the sale of RetireAustralia.

The company's energy unit Project Vanda could require $500 million equity and create over $500 million in value. Key milestones included increasing its CDC stake and the Contact Energy and Manawa Energy merger.

Infratil aims to balance operating cash flow with fixed costs and dividend commitments within 2-3 years as CDC, Longroad, and One NZ mature. The company also achieved ASX200 index inclusion.

Chair Alison Gerry plans to retire at the 2028 annual meeting, while director Peter Springford will retire in 2026.