Infratil sells stake
It has sold its 32.47 per cent stake in Energy Developments, equal to 50.86 million shares, at $2.75 a share into the takeover offer by Greenspark Power, which went unconditional on Friday.
Japanese trading house Marubeni Corp will buy a 30 per cent stake in a shale oil project in the United States from Marathon Oil Corp for about $270 million, the Nikkei business daily reported.