Carter Holt pares back IPO plans to dual-listed Carters building supplies unit

Fri, 14 Aug 2015

By Tina Morrison Aug. 14 (BusinessDesk) - Carter Holt Harvey's on-again, off-again listing plans may be on again, although in a downscaled version incorporating only the New Zealand-based Carters building supplies distribution business. Auckland-based Carter Holt, owned by Kiwi billionaire Graeme Hart's Rank Group, is considering an initial public offering of the Carters unit to list on the New Zealand and Australian stock exchanges, it said in a statement today, adding that it would still retain a "significant stake" in the company. I...

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