Skip to main content

Energy services provider

Alliant Energy

(LNT) - Get Alliant Energy Corp Report

said Tuesday that it started the process to sell its interest in Alliant Energy New Zealand Limited, an indirectly wholly owned subsidiary of Alliant Energy.

TheStreet Recommends

AENZ owns a 23.77% interest in TrustPower Limited, which is a electricity retailer, and a 5.07%interest in Infratil Limited, an investor in infrastructure and utility assets.

"As we have previously stated, an international presence is no longer consistent with Alliant Energy's long-term business strategy," the Madison, Wis.-based company said.

The company appointed First New Zealand Capital, in affiliation with Credit Suisse, to manage the sale.

This story was created through a joint venture between and IRIS.