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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.

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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.

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