Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Fletcher Forests Enters Into CNIFP Agreement

Fletcher Challenge Forests Enters Into CNIFP Agreement

Auckland, 28 March 2002 – Fletcher Challenge Forests (“FCF”) has today entered into an agreement with the Receivers of the Central North Island Forest Partnership (“CNIFP”) under which FCF will progress, on an exclusive basis, a proposed acquisition of the assets of the CNIFP.

The contract for the proposed acquisition is subject to a number of conditions to be satisfied within the next five weeks including financing satisfactory to FCF. The proposed purchase will also subsequently require FCF shareholder approval at a special meeting called for that purpose.

FCF welcomes this opportunity to finalise a proposal to acquire this strategic asset.

FCF has been granted a temporary waiver from the New Zealand Stock Exchange’s Listing Rule 10.7.4(b) and (c) by the Exchange’s Market Surveillance Panel, on the basis that FCF will make a further announcement setting out all the details required by Listing Rule 10.7.4 once the key conditions to the proposed acquisition have been satisfied.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>

ALSO:

InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>

ALSO:

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>