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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

NZ Super sells forestry stake to iwi group

Posted on 04 March 2014

The New Zealand Superannuation Fund (NZ Super) has sold a 2.5% stake in Kaingaroa Timberlands, New Zealand’s largest forestry business, to a collective of six iwi organisations.
NZ Super remains the largest stakeholder in the business, with a 38.75% share. Other major stakeholders include Canadian pension fund, Public Sector Pension Investment Board at 30%, and an affiliate of the President and Fellows of Harvard College at 28.75%………………………………………..Full Article: Source


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