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Joint roading contract awarded to Fulton Hogan

Press Release – Joint Media Statement

A combined roading maintenance contract between South Wairarapa District Council and Carterton District Council has been finalised and awarded to Fulton Hogan. Read more »

Rural Equities sells second-largest property

Article – BusinessDesk

May 14 (BusinessDesk) – Rural Equities, the farming group majority-owned by the Cushing family, has agreed to sell its second-largest property as it rejigs its portfolio. Read more »

Infratil, Brookfield to assume $1.34B of debt for Vodafone

Article – BusinessDesk

May 14 (BusinessDesk) – Infratil and Brookfield Asset Management’s $3.4 billion purchase of Vodafone NZ will see them each pay $1.03 billion for a 49.9 percent stake. Read more »

Downer, Visionstream win $450M of Chorus maintenance

Article – BusinessDesk

May 14 (BusinessDesk) – Chorus has hired Downer EDI and Cimic Group’s Visionstream to maintain its copper and fibre telecommunications network for the next three years at a cost of about $450 million. Read more »

Infratil announces NZ$3.4 billion acquisition of Vodafone NZ

Press Release – Infratil

A consortium comprising Infratil Limited (“Infratil”) and Brookfield Asset Management Inc. (“Brookfield”) today announced it had executed a conditional agreement to acquire Vodafone New Zealand Limited (“Vodafone NZ”) from … Read more »

Consortium purchase values Vodafone NZ at $3.4 billion

Article – BusinessDesk

May 14 (BusinessDesk) – Vodafone Group has sold Vodafone New Zealand to a consortium comprising Infratil and Canada’s Brookfield Asset Management for an enterprise value of $3.4 billion, it said in a press release. Read more »

Infratil, Brookfield purchase values Vodafone NZ

Article – BusinessDesk

May 14 (BusinessDesk) – Vodafone Group has sold Vodafone New Zealand to a consortium comprising Infratil and Canada’s Brookfield Asset Management for an enterprise value of $3.4 billion, it said in a press release. Read more »

New owners and new era for Vodafone

Press Release – Vodafone

Vodafone Group Plc has today announced the conditional sale of 100% of Vodafone New Zealand Limited to a consortium of long-term investors, New Zealand-based Infratil, and Canada-based Brookfield Asset Management (collectively referred to as the Consortium). Read more »

CBL’s Harris and Hutchison withdraw objection to liquidation

Article – BusinessDesk

May 13 (BusinessDesk) – CBL Corp directors Peter Harris and Alistair Hutchison say they didnt oppose an action heard in the Auckland High Court today to liquidate the company. Read more »

10 formal AML/CFT warnings issued by FMA

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) has issued formal warnings to 10 reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). Read more »

Tip Top to Join Froneri Global Family

Press Release – Fonterra

New Zealands iconic ice cream company has a new owner, after global ice cream company Froneri today purchased Tip Top from Fonterra for $380 million. Read more »

Social procurement a “game-changer” for tackling inequality

Press Release – The Southern Initiative

While New Zealand is recognised as a leader in race relations, it is lagging behind the rest of the world in specific measures to create equal opportunities for developing indigenous owned businesses. Read more »

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