NIIF to consider selling stake in smart power meter firm IntelliSmart
The National Investment and Infrastructure Fund is considering selling its 51% stake in IntelliSmart Infrastructure, according to people familiar with the matter.
NIIF is working with an adviser and sounding out interest from potential buyers, the people said, asking not to be identified because the deliberations are private. The fund, an investor in the smart electricity-meter company since 2019, is seeking a valuation of $500 million for IntelliSmart, they said.
