Ryman buys Victoria University's Karori campus for retirement development
By Tina Morrison Dec. 12 (BusinessDesk) - Ryman Healthcare, New Zealand's largest retirement village operator, has bought Victoria University of Wellington's former Karori campus for an undisclosed sum to convert into a retirement village. The development in Wellington's la...
Rubicon plans to sell Clearwood stake for $15.3M to focus on ArborGen business
By Tina Morrison Dec. 11 (BusinessDesk) - Rubicon, the NZX-listed forestry biotech company, has agreed to sell its remaining holding in its Clearwood manufacturing business for about $15.3 million, to focus on its ArborGen forestry genetics business. Auckland-based Rubicon...
NZ carbon price breaks through $20, seen rising higher
By Tina Morrison Dec. 7 (BusinessDesk) - The New Zealand carbon price has broken through the $20 a tonne mark, as it continues its push higher on speculation the new government will lift a cap on the maximum price emitters pay. The price for a New Zealand carbon unit under...
A2 Milk settles court dispute with Lion in Australia
By Tina Morrison Dec. 7 (BusinessDesk) - A2 Milk, which markets milk with a protein variant said to have health benefits, has settled a court case in Australia with its rival Lion Group. A2 faced a legal challenge in Australia from Lion over the science behind health-relate...