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

 

Fletcher Challenge Forests – CNIFP Update

Auckland, 30 May 2002 – Fletcher Challenge Forests Limited notes that the Receivers of the Central North Island Forest Partnership (CNIFP) have today announced that the agreement between the Receivers and Vela CNI Forests in relation to the CNIFP has been terminated by mutual agreement, after the Velas decided they did not wish to pursue the purchase any further.

Fletcher Challenge Forests Limited confirms that it continues to be in discussion with the Receivers, CITIC and Rubicon Limited about a possible purchase of the CNIFP assets and associated shareholding arrangements. The basis of those discussions was outlined by Fletcher Challenge Forests Limited in its announcement of 20 May 2002.

No agreement has been concluded at this stage.


Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

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:

RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. 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>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO: