Contact to sell Ahuroa Gas Storage to Gas Services NZ for $200M
By Paul McBeth Dec. 21 (BusinessDesk) - Contact Energy has signed an agreement to sell its Ahuroa Gas Storage facility in Taranaki to Gas Services New Zealand, which is affiliated with Maui pipeline owner First Gas, for $200 million, which it will use to repay debt. Wellin...
NZ dollar edges up as GDP looms, US tax bill passes Senate
By Paul McBeth Dec. 21 (BusinessDesk) - The New Zealand dollar gained ahead of third-quarter gross domestic product figures likely to show the economy grew at a slower pace due to weak milk production and after US President Donald Trump's tax bill was approved by the Senate. ...
Veritas CEO Morton to buy back Mad Butcher for $8M, less than 25% of original price
By Paul McBeth Dec. 20 (BusinessDesk) - Veritas Investments has agreed to sell its Mad Butcher franchisor business to chief executive Michael Morton for $8 million, less than a quarter of what he sold it to the food and beverage investor in a reverse listing almost five years...
Facebook, Google different to news producers, court finds
By Paul McBeth Dec. 20 (BusinessDesk) - Justice Robert Dobson and Professor Martin Richardson drew a line between online content aggregators and distributors such as Facebook and Google and news organisations Fairfax New Zealand and NZME in rejecting the publishers' appeal to...
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