FORESTRY

Matariki forests issues information flyer to prospective buyers

Thursday 23 October 2008, 7:29AM
By Rayonier NZ
522 views


Matariki Forests has today issued an information flyer to prospective buyers of its New Zealand assets which comprise approximately 134,000 hectares of high quality Radiata Pine forests around New Zealand.

Paul Nicholls, managing director of Rayonier New Zealand Ltd – the forest managers for Matariki, said “The information flyer is the next stage in the sale process and will be widely distributed to interested parties. It provides further information on the 100% sale of the Matariki business, the sale process and timetable.

“We are receiving strong interest from local and overseas parties as they are aware that even in difficult market conditions forests represent a real asset that continues to grow. All shareholders remain committed to progressing toward a successful sale.”

ends

Matariki Forests is owned by a consortium and managed by Rayonier New Zealand, a subsidiary of Rayonier Inc.