Masfen and Vulcan Steel’s Wells make MetroGlass play

Masfen and Vulcan Steel’s Wells make MetroGlass play
The MetroGlass shareholders have signed a cooperation and process agreement. (Image: MetroGlass)
Staff reporters
Masfen Securities and Takutai Ltd have made a play for Metro Performance Glass, pooling their collective 25% stake in the country’s biggest glass processor. The MetroGlass shareholders have signed a cooperation and process agreement to work together to take over some or all of the glass processor through either a scheme of arrangement – where they would have the board’s blessing – or a takeover offer. MetroGlass closed at 15.7 cents yesterday, valuing the company at $29.1 million and the Masfen and Ta...

More Infrastructure

US giant's Three Waters win could be unwound
Infrastructure

US giant's Three Waters win could be unwound

Gentract queries Koch-owned firm's win. DIA says there will be an 'off-ramp'. 

Brown launches sales pitch for Auckland port lease
Infrastructure

Brown launches sales pitch for Auckland port lease

The ratepayer-funded poll shows support for the sale.

Brent Melville 01 Dec 2023
Spark bolsters resilience with satellite-backed towers
Infrastructure

Spark bolsters resilience with satellite-backed towers

Starting with five temporary satellite connected cell towers around the country.

Ben Moore 30 Nov 2023
Waste is Money: What we learned
Infrastructure

Waste is Money: What we learned

The series covered big and small firms, safety, lobbying, recycling and council contracts.

Cécile Meier 28 Nov 2023