ArborGen to sell Australia & NZ units to Hugh Fletcher consortium for $22.25m
After nearly a decade of slow growth, forestry planting is growing strongly in both New Zealand and Australia, driven by robust market conditions.
Source: stuff.co.nz
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Arborgen, AMP in potential mergers, acquisitions
Photo: 123rf The Australian newspaper speculated the New Zealand arm of AMP Capital is being looked at by Australian investment giant, Macquarie, as its parent looks to sell more non-core assets. Citing unnamed sources the paper said the operation, which offers investment management services including KiwiSaver funds, was potentially worth $500 million. The business has previously been slated for divestment through a sale, or NZX listing, before AMP decided to keep it as a stand-alone operation. The renewed talk of a sale has been prompted by expectations that AMP, badly scarred in the fallou...
Source: rnz.co.nz