Infrastructure
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Infrastructure
Napier Port share offer $2.27-$2.60; will raise net $110 million
By Gavin Evans July 15 (BusinessDesk) - Napier Port expects to raise up to $234 million from the planned sale of 45 percent of the business through a public share offer. The offer, indicatively priced at $2.27 to $2.60 a share, will raise gross proceeds of $204.3 million to...
Infrastructure
CORRECT: NZ Super Fund to invest in $300M local hotel venture
(fixes headline and first sentence reference to hotel portfolio value. Adds new second sentence) By Victoria Young July 15 (BusinessDesk) - New Zealand’s $42 billion Superannuation Fund will invest into a $300 million portfolio of hotels owned by local firms, as it eyes fur...
Infrastructure
Infratil-backed Longroad Energy secures Texas wind farm finance
By Rebecca Howard July 15 (BusinessDesk) - US-based renewable energy developer Longroad Energy has closed financing for its 243 megawatt El Campo wind farm with the project due to be completed in 2020, says Infratil. Longroad Energy is 40 percent owned by Infratil and 40 pe...
Infrastructure
DB Breweries to switch Timaru plant from coal next year
By Gavin Evans July 12 (BusinessDesk) - DB Breweries is planning to switch its brewery at Timaru onto wood chip by the end of next year as part a plan to halve the group’s emissions by 2030. The firm, owned by Heineken, operates six breweries around the country. But DB Drau...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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