Transpacific Industries puts kiwi waste management on the block

Tue, 29 Oct 2013

By Paul McBeth Oct. 30 (BusinessDesk) - Transpacific Industries, the Australian waste manager, has put its New Zealand business up for sale, two years after writing downs the value of the kiwi unit. The Queensland-based company has hired Deutsche Bank to help sell the New Zealand business after the board decided to put greater focus on its more profitable Australian business, it said in a statement. Any proceeds would be used to pay down debt. “The quality of TPI New Zealand’s assets, its leading market position, its people and its strong...

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