August 14, 2014
Stable earners sought
Ngai Tahu's commercial head says a deal with Tainui to jointly buy national transport operator Go Bus is a sign of the appetitie iwi have for long term stable investments.
Mike Sang says Ngai Tahu Holdings' two thirds stake in Go Bus will make up about 10 percent of its billion dollar portfolio, with Ryman Healthcare remaining its largest investment and other stakes in property development, farm conversions, seafood and tourism.
The company has previously co-invested with Tainui in manufacturer Waikato Milking Systems, and they continue to look for opportunities to work together.
"As the iwi grow and our commercial operations continue to grow with a mandate for reinvestment, I think ourselves and Tainui and other iwi will be looking ever more broadly for good quality investments," he says.
Mr Sang says Ngai Tahu Holdings Corporation is expecting anther good result this year, after last year's record earnings.
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