Infrastructure

New owners hint at possible IPO for Whakatāne Mill

Brent Melville
Wed, 02 Jun 2021

Whakatāne mill: future looking positive.
Brent Melville
Wed, 02 Jun 2021
The new European owners of Whakatāne Mill won’t rule out an initial public offering (IPO) for the mill on either the NZX or ASX – but their immediate focus will be generating profits at the paper packaging operation.The consortium, which includes London's paper and packaging entrepreneur Dermot Smurfit, Swiss-based investor Raymond Dargan and Hobart-based Ian Halliday, emerged as the 11th hour buyers of the carton board mill on Monday. Local private equity firm Direct Capital helped facilitate the deal under local company Power...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets Wake Up Call
Wake Up Call: No cheques, mate
Staff reporters | Fri, 25 Jun 2021

Westpac is going cheque free from today, the latest in a line of banks to do away with the old-school payment type.

Opinion
How much more juice can IRD squeeze?
Paul McBeth | Fri, 25 Jun 2021

Is the tax department still fighting the battles of yesteryear with its Frucor case?

Infrastructure
Oceania rejects Retirement Commissioner's call for law review
Jenny Ruth | Fri, 25 Jun 2021

Oceania Healthcare currently has more than 400 villas, units and care suites under construction.

Sponsored
Will your bach or business be underwater in 100 years?

As climate change brings rising sea levels and accelerated coastal erosion, tens of thousands of coastal homes and baches in New Zealand could be left at risk and uninsurable.

Partner Content
Business events are increasingly important for corporates

Working from home is great, but there's real value in face-to-face connections.