Carter Holt puts listing plan on hold, citing uncertain earnings outlook

Mon, 08 Jun 2015

By Tina Morrison June 9 (BusinessDesk) - Carter Holt Harvey Group put on hold its plan to sell shares in an initial public offering and list the shares on the New Zealand and Australian stock exchanges, citing an uncertain earnings outlook. Auckland-based Carter Holt, owned by billionaire Graeme Hart's Rank Group, said last month it planned to sell shares in the company with Rank to retain a significant holding. Rank paid $3.31 billion for Carter Holt in 2006, and has since sold off the company's forestry and farm land and its pulp and...

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