Services
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Primary Sector
Milk testing firm GEA Milfos to pay $925k for fixing prices
By Paul McBeth June 25 (BusinessDesk) - Milk testing technology firm GEA Milfos International will pay $925,000 in penalties and costs after admitting that it fixed prices on milk sensors with rival Dairy Automation. In the High Court in Auckland last Thursday, Justice Edw...
Listed Companies
Sky TV drops 'puck' deployment
By Gavin Evans June 25 (BusinessDesk) - Sky Network Television has dropped plans to deploy hardware it developed to offer its channels over the internet. Chief executive Martin Stewart says the firm wants everyone to be able to access its content in the way that suits them...
Listed Companies
Arvida Group to buy villages for $180m with new equity and debt
By Rebecca Howard June 25 (BusinessDesk) - Arvida Group is buying a portfolio of villages for $180 million and will fund the purchase through a combination of new equity and debt. The retirement home operator said it has reached a deal to buy Bethlehem Country Club and Beth...
Markets
Citic gets seat at Tourism Holdings in $80 mln capital raising
By Paul McBeth June 24 (BusinessDesk) - Chinese investment manager Citic Capital will get a seat on Tourism Holdings' board, paying full price to lift its stake in the rental RV operator as part of an $80 million capital raising. Citic, which oversees US$26 billion of asse...
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