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

 

Evergreen Bid Process Moves To Next Stage

News Release
13 May 2005

EVERGREEN BID PROCESS MOVES TO NEXT STAGE

Evergreen Forests Limited announced today that it has received a number of conditional proposals that were of interest to the Company as a result of the competitive sale process announced on 24th March last. A limited number of parties have been admitted to a formal due diligence process to be managed by Investment Banking advisors Forsyth Barr.

The Company has also received an expression of interest from Mighty River Power Limited to consider a wind farm development on the company’s North Kaipara property.

The time for final bids to be submitted is 15 July 2005 and a further announcement can be expected shortly after that date.

Ends


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>