NIIF Considers Selling 51% Stake in IntelliSmart

The National Investment and Infrastructure Fund (NIIF) is thinking about selling its big part (51%) of a company called IntelliSmart.

IntelliSmart makes smart electricity meters that can be read from far away and help people save money on their energy bills.

NIIF has been investing in IntelliSmart since 2019 and wants to sell it for $500 million.

They are talking to other companies who might want to buy it.

NIIF has sold parts of other companies this year too, like a company that makes renewable energy and a company that makes electric cars.

But they haven't decided yet if they will sell IntelliSmart.