CeresNZ, the Christchurch-based unit of American firm Ceres Environmental Services, says it has a "strong interest" in buying Mainzeal Property and Construction from the receivers.
The company plans to have preliminary talks with the receivers, betting that the rebuild of Christchurch provides a role for the "highly skilled people within Mainzeal", according to a statement posted on the Scoop website.
Mainzeal, part of Richard Yan's Richina group, was placed in receivership this week after failing to make payments on its credit facilities, having become embroiled in lawsuits related to the leaky buildings saga.
"Strategically, CeresNZ sees this as an extremely positive opportunity for growing the business," company spokesman Bernie de Vere says. Financing for its local projects has been provided by US private equity firm Vesta Equity, owned by David McIntyre.
CeresNZ has been involved in demolition and rebuilding in Christchurch. he parent company was involved in the clean-up after Hurricane Katrina and the earthquake in Haiti, according to its website.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- MARKET CLOSE: NZ shares mixed; Spark, Fletcher join Asian rally, Xero drops as Drury trims stake
- Xero directors Drury, Winkler and Morgan cash in on 35% share price rally
- Sir Ralph Norris spells out reasons for Fonterra board departure
- iPredict closing down due to money laundering risk
- Serco's prison report challenge: Hide and Davis go head-to-head
Most listened to
- “A very ballsy thing to do” – Rodney Hide and Kelvin Davis discuss Serco’s response to Correction’s Mt Eden Prison report
- “The response from shareholders has been overwhelming” — A2 Corporation chief executive Geoff Babidge
- Greg Gent says a board of 13 people is "prehistoric"
- Arvida CEO Bill McDonald on his company's half-year net profit
- Lance Wiggs on the future of food exports
- Auckland Councillor Chris Darby on the Council's alternative funding report
- Nevil Gibson discusses his latest Editor's Insight on oil prices
- Campbell Gibson, Nick Grant and Chelsea Armitage chat about the inner workings of New Zealand media
- Paul Brislen discusses the 'snake oil' sales tactics of SalesConcepts
- Fonterra chief executive Theo Spierings reveals his ambitious China plan
- UDC Finance chief executive Wayne Percival talks about the company's profit
- Hamish McNicol discusses the latest court stories