Rank Group confirms plan to sell down Carter Holt stake in IPO

Carter Holt Harvey, the building products supplier owned by billionaire Graeme Hart's Rank Group, confirmed it may sell down its stake in an initial public offering and list the shares on the New Zealand and Australian stock exchanges.

Auckland based Rank Group plans to retain a significant stake in the company, it said in a statement, without providing further details. Media reports last month suggested Rank would sell 70 percent of the business.

The joint lead managers to the offer are Credit Suisse, First NZ Capital, Deutsche Bank, Deutsche Craigs, and Forsyth Barr.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

APL - AGM Date and Director Nominations
SKC - Resolution of Adelaide Independent Review
CMC Markets accredited as NZX Participant
June 18th Morning Report
PCT - Sale of PwC Tower to New Investment Partnership
MEL - Waitaki reconsenting receives final approval
June 15th Morning Report
Devon Funds Morning Note - 12 June 2026
June 11th Morning Report
SKO - Leadership Update