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Complectus continues acquisition spree, buying New Zealand Trustee Services
By Sophie Boot Dec. 9 (BusinessDesk) - Complectus, which owns trustee firm Perpetual Guardian, has bought New Zealand Trustee Services (NZTS) as it continues its purchasing spree of supervision firms that began with the acquisition of Perpetual Trust in 2013. Auckland-based...

Fitch blames farmer support loan and advance payments for Fonterra ratings downgrade
By Fiona Rotherham Dec. 9 (BusinessDesk) - Fitch Ratings says there were two key reasons it downgraded Fonterra Cooperative Group’s credit rating in October, stemming from when the dairy exporter shored up the financial health of farmer-shareholders after dairy prices dropped...

Wellington extends special housing area, including iwi-owned Shelly Bay
By Paul McBeth Dec. 9 (BusinessDesk) - Wellington has extended its special housing areas into three new zones with a view to add 330 new houses, the bulk of which has been slated for an expansion to the Port Nicholson Settlement Block Trust-owned Shelly Bay which has previousl...