(Reuters) - Power utility firm Infratil Ltd <IFT.NZ> said on Monday it would sell its New Zealand bus transport business to Australian private equity firm Next Capital.
The Wellington-based company expects proceeds of between NZ$218 million and NZ$240 million ($161.3 million) from the sale, which follows a strategic review announced by Infratil in February.
UBS New Zealand advised Infratil on the review and the deal, while Murray & Co advised Next Capital.
($1 = 1.4879 New Zealand dollars)
(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Sai Sachin Ravikumar)
