By Paul McBeth Sept. 18 (BusinessDesk) – Lines companies Buller Electricity and Pioneer Generation plan to mount a takeover of …
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Solid Energy creditors vote in favour of 2 1/2-year wind-down plan
By Suze Metherell Sept. 17 (BusinessDesk) – Creditors of New Zealand’s failed state-owned coal miner Solid Energy have voted in …
Read More »Bennett denies scuttling of Lochinver sale was political; decision raises questions for future OIO rulings
By Paul McBeth and Jonathan Underhill Sept. 17 (BusinessDesk) – Associate Finance Minister Paula Bennett says the government’s decision to …
Read More »Government scuttles Shanghai Pengxin’s $88M Lochinver Station purchase on benefit test
By Jonathan Underhill Sept. 17 (BusinessDesk) – The government has scuttled Shanghai Pengxin’s $88 million purchase of Lochinver Station, which it would …
Read More »NZ economy grows less than expected as agriculture, mining rebound
By Paul McBeth Sept. 17 (BusinessDesk) – New Zealand’s economy accelerated by less than expected in the second quarter, with agriculture and …
Read More »Alternative bidder emerges for Solid Energy
By Pattrick Smellie Sept. 17 (BusinessDesk) – A New South Wales-based mining investor, Mach Energy, is expected to make an …
Read More »Solid Energy insolvent, bank creditors support orderly selldown
Solid Energy’s banking backers can expect to get back between 35 cents and 40 cents in the dollar under a …
Read More »Auckland median house price up 21% in August year, national median steadies: REINZ
The number of home sales fell 4.4 percent in August from July, while soaring on an annual basis, as the national …
Read More »NZX accredits US firm Straits Financial for dairy derivates market
NZX, New Zealand’s stock market operator, has accredited US-based Straits Financial to access its growing dairy derivatives market. Straits has been …
Read More »Fonterra confirms proposed coal mine at Mangatangi is on hold
By Fiona Rotherham Sept. 9 (BusinessDesk) – Fonterra Cooperative Group, the country’s largest milk processor, has confirmed it has put …
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