The infrastructure investor, Infratil has successfully completed its sale of new shares to big institutional investors to fund new growth.
Photo: 123RF
The company has raised $250 million.
The shares were offered at $4.76 a piece, which is an 8 percent discount to the last traded price.
Chief executive Marko Bogoievski says he's pleased with the strong level of support received, particularly from existing shareholders.
An offer to small retail shareholders worth $50 million will open on Friday.
Infratil owns just under half of telecommunications company Vodafone, as well as major stakes in Trustpower, Wellington Airport, US power developers, and Australian data centres.