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


Evergreen Seeks Expressions Of Interest In Estate

Evergreen Seeks Expressions Of Interest In Forestry Estate

Evergreen Forests Limited is to call for expressions of interest in its forestry estate and has mandated Forsyth Barr to undertake a competitive sale process.

The company previously announced that it was to seek advice from Forsyth Barr on asset sale and recapitalisation options. Several conditional expressions of interest have been received and the Board has determined that in the interests of all shareholders, a competitive trade sale should be pursued.

If the Board considers that following the receipt of binding proposals, it is in the best interests of shareholders to sell the company’s land and forest assets, a meeting of shareholders will be convened.

Forsyth Barr will be providing material to interested parties from next week and an Information Memorandum will be available soon after to qualifying parties upon signing a confidentiality agreement.

© 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>>


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>>


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>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop 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>>