Fri, Nov 28, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Super Fund sells slice of forest to iwi

Posted on 03 March 2014

The New Zealand Superannuation Fund has sold a 2.5 per cent stake in New Zealand’s largest forestry business Kaingaroa Timberlands to six central North Island iwi. The deal, which was done at an undisclosed price, will see the super fund reduce its stake in the business from 41.25 per cent to 38.75 per cent.
The six iwi which include Ngati Rangitihi, Ngati Whakaue Assets and Te Arawa River Iwi Limited Partnership, Ngati Whare, Raukawa, Te Arawa Group Holdings Limited and Tuwharetoa, have formed Kakano Investment Limited Partnership to buy the stake………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15276 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« Oct    
 12
3456789
10111213141516
17181920212223
24252627282930