Rangatira emerges as biggest investor in Tuatara after investment of about $5 mln

Fri, 28 Jun 2013

By Jonathan Underhill June 28 (BusinessDesk) – Rangatira has emerged as the biggest shareholder in Tuatara Brewing after the Wellington-based investment company bought new and existing shares to build a 35 percent stake in the boutique brewer. Rangatira is understood to have invested about $5 million in Tuatara, whose current range of 10 beers include a Pilsner, APA and London Porter. That would value the Wellington-based brewer at about $14.3 million. Updated records at the Companies Office show Vasta Brewing, owned by Tuatara founder Carl...

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