Fisher Funds Management, which took over Tower Investments earlier this year, says a takeover bid for Abano Healthcare Group undervalues the specialist medical investor. Abano is facing a potential takeover bid by biggest shareholder and former director Peter Hutson, Australian private equity firm Archer Capital and investor James Reeves, valuing the firm at about $131.4 million, though no formal offer …

Infratil, the Wellington-based infrastructure investor, has agreed to sell Manston Airport in the UK for 350,000 British pounds to Stagecoach Group co-founder Ann Gloag and her brother Brian Souter. Infratil agreed to sell the airport for 1 pound plus adjustment for working capital variances and cash injected by Infratil, the company said in a statement. The latest sale comes after …

Christchurch International Airport’s proposed prices over the next two decades are significantly higher than the Commerce Commissions’ view of what’s acceptable, and tougher disclosure requirements have had little impact on promoting price efficiency, the regulator says. The airport is targeting a return of 8.9 percent over the next 20 years, well above the commission’s view of an acceptable return of …