Firstgas Group has OIO green light to buy Eastland Network

Fri, 17 Mar 2023

Firstgas Group has secured Overseas Investment Office approval for its $260 million purchase of lines company, Eastland Network.The transaction is due to be completed on March 31. Overseas Investment Office (OIO) approval was needed because Taranaki-based Firstgas is owned by Australian-based Igneo Infrastructure Partners.Eastland Network is being sold by the community trust-owned Eastland Group. The company will be renamed Firstlight Network in recognition of the Gisborne-Tairāwhiti region being the first place in New Zealand to see the s...

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