Second delay on forestry acquisition

A decision was originally due on April 17 but has now been set back to May 30.

The Commission says it needs more time to gather and assess information.

The assets of the CNIFP are in receivership and Carter Holt has previously said that it has applied for acquisition clearance to "keep its options open".

Carter Holt was previously given clearance by the Commerce Commission to purchase the assets, then called the Kaiangaroa Forestry Assets, when the Government originally tendered them for sale in 1995.

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