Te Arawa Group Holdings

North Island iwi join forces to buy into Kaingaroa Timberlands

March 3, 2014TAGHNews0

Kaingaroa Forest

 

 

 

 

 

Six central North Island iwi have joined forces to buy a 2.5% stake in New Zealand’s largest forestry business, Kaingaroa Timberlands. The investment is one of the biggest ever involving an iwi collective.

The six iwi representative organisations, Ngati Rangitihi, Ngati Whakaue Assets and Te Arawa River Iwi Limited Partnership, Ngati Whare, Raukawa, Te Arawa Group Holdings Limited and Tuwharetoa, have formed Kakano Investment Limited Partnership and purchased the stake from the New Zealand Superannuation Fund for an undisclosed price.

Click here to read the full media release.

 

 

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