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

 

Rubicon In Discussions With Fletcher Forests

Rubicon In Discussions With Fletcher Challenge Forests

Auckland, 20 May, 2002 - Rubicon Limited today confirmed that it is in discussions with Fletcher Challenge Forests Limited (FCF) in relation to FCF’s declared interest in acquiring the assets of the Central North Island Forest Partnership (CNIFP).

The substance of the discussions is a proposal to buy back most of Rubicon’s 17.6% shareholding interest in FCF in return for Rubicon acquiring part of FCF’s forest estate. The proposal with Rubicon would only proceed if the conditional agreement between Vela Forestry and the Receivers of the CNIFP terminates and FCF can negotiate a purchase transaction with the Receivers.

Any agreement between Rubicon and FCF would be subject to the satisfaction of shareholder and regulatory approvals, and also FCF completing its transaction with the Receivers.

END

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


FIRST Union: Do Shareholders Realise Marsden Point Conversion Could Cost More Than Half A Billion Dollars?

FIRST Union, the union representing workers at Refining NZ, are querying whether shareholders voting on Friday on whether to convert the Marsden Point refinery to an import-only terminal realise the conversion could cost $650-700 million dollars... More>>



Civil Contractors: Massive Rebound In Civil Construction Business Confidence

New Zealand’s civil construction industry is riding a massive rebound in post-pandemic business confidence – but this may be undermined by skills shortages, which continue to be the industry’s number one challenge... More>>



Energy: Feeling Our Way Towards Hydrogen - Tina Schirr

Right now hydrogen is getting a lot of attention. Many countries are focusing on producing hydrogen for fuel, or procuring it, or planning for its future use... More>>





ASB: New Support Finder Tool Helps Connect Customers With Thousands In Government Support

ASB research alongside benefit numbers from the Ministry of Social Development shows an increased number of Kiwis are struggling financially, and many may not be aware they’re eligible for government support... More>>


Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>


Real Estate: June Home Transfers Remain High
There were 44,517 home transfers in the June 2021 quarter, the highest June quarter figure since 2016, Stats NZ said today. The number of home transfers was very similar to the March 2021 quarter and was up 18,252 from the June 2020 quarter... More>>