Genesis still seen selling Kupe stake eventually

Genesis still seen selling Kupe stake eventually
Genesis not seen as a long-term owner of Kupe field. (Image: Supplied)
Ian Llewellyn
Genesis Energy will eventually look to sell its stake in the Kupe in the next two or three years, a Forsyth Barr analysis said today.Last week, Genesis decided to keep its 46% stake in the Kupe field. This followed a review of the asset’s place in the company’s portfolio after it received some interest from would-be buyers.Forsyth Barr said Genesis had decided, for now, there was more value in keeping Kupe than what was being offered.“It always looked like a tricky sales process, but the strategic rationale for Genesis owning...

More Markets

Oceania forecasts sales lift as it targets debt
Property

Oceania forecasts sales lift as it targets debt

It said sales applications had lifted 23% between July and August.

New structure, powers for ComCom
Markets

New structure, powers for ComCom

Groceries, aviation, building supplies, digital services carparking all get a mention.

NZME shareholder Jim Grenon lifts investment in media firm
Markets

NZME shareholder Jim Grenon lifts investment in media firm

NZME shareholder and director Jim Grenon has lifted his investment in the media business for the second time in recent weeks, to just under 18%.A notice to the NZX on Monday stated Grenon had lifted his shareholding from 15.963% to 17.932%, after acquiring 3.7 million shares for...

‘Unusual’ volume of CCCFA changes in focus
Finance

‘Unusual’ volume of CCCFA changes in focus

Select committee mulls proposed changes to CCCFA, to report recommendations Oct 20.