INFRATIL AUSTRALIA LIMITED IFA | deListed New Zealand

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delisted following the takeover by Australian Infrastructure Fund	17/08/2000
we understand AIF made an initial offer for Infratil of two AIF stapled securities for every five Infratil shares - this was subsequently revised to include a cash alternative of A$0.95 per Infratil share	17/08/2000

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INFRATIL AUSTRALIA LIMITED(IFA)