The NBR Rich Lister was last year made an Officer of the New Zealand order of Merit for services to education and philanthropy.
As the two state-owned companies choose different strategic directions, some disruption was always inevitable.
Shares up 16%, or 42c, to $2.91 in midday trading.
Your quick take on NBR's leading stories of the week.
The new funds will help the listed company in two major infrastructure projects and to return it to dividend payments next year.
Retirement village operator says its Australian expansion plans are on track
Sale process to start immediately.
Elsewhere, JP Morgan predicts the health of next year's oil market while OECD forecasts 2019.
The naturopathy company's trying to raise $2m.
AFT Pharmaceuticals reports reduced losses in latest results.