Infratil and Morrison & Co chief executive Marko Bogoievski, left, with Vodafone NZ CEO Jason Paris. Photo / Supplied

Infratil has hiked the book value of what was already its most valuable asset – a move that signals AustralianSuper will have to sharpen its $5.4 billion takeover offer if it wants to engage the
Kiwi infrastructure company’s board.

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