New owners hint at possible IPO for Whakatāne Mill

Whakatāne mill: future looking positive.

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...

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