Business Services Industry
UniSuper buys NZ forests.
Australasian Business Intelligence, January, 2007
Byline: Christine St Anne
Jan 22, 2007 (Investor Weekly - ABIX via COMTEX) -- UniSuper has acquired 15 per cent holding in a New Zealand forestry asset. The Australian industry superannuation fund purchased the stake from Carter Holt Harvey as part of a consortium headed by US firm Hancock Timber Resource Group. The fund's chief investment officer, David St John, says the deal is UniSuper's biggest-ever single direct equity investment. The purchase brings UniSuper's portfolio exposure to unlisted timberland to over $A250 million.
Publication Date: 7 December 2006
UNISUPER LIMITED
HANCOCK TIMBER RESOURCES GROUP
CARTER HOLT HARVEY LIMITED
RANK GROUP LIMITED
PERPETUAL LIMITED - ASX PPT
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