Carter Holt IPO shelved in face of uncertain global equity markets

Tue, 29 Sep 2015

By Jonathan Underhill Sept. 29 (BusinessDesk) - Carter Holt Harvey, owned by Kiwi billionaire Graeme Hart's Rank Group, has shelved plans for an initial public offering of shares in its Carters building supplies business, citing uncertainty in equity markets. "While the Carters business continued to perform strongly, benefitting from the robust New Zealand construction environment, the ongoing uncertainty in global equity markets had led CHH to review the merits of a listing at this time," it said in a statement issued through a public re...

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