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Hot Topic Budget 25
Investment
2 mins to read
4

Forest carbon sink sold for $63m

NZ Rural Land Co announces acquisition of North Island pine forest estate.

The 2400ha forest estate will be leased for carbon farming.

Tim Hunter Fri, 21 Oct 2022

NZX-listed NZ Rural Land Company has announced the acquisition of a 2400ha pine forest estate Manawatū/Whanganui region, with the asset leased for carbon farming.

In a statement to the NZX, Rural Land Co said it had agreed to buy up to 100% of the estate for a maximum $63 million, funded by a

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Tim Hunter Fri, 21 Oct 2022
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Related News
Politics
2

How forestry can contribute to climate plan
Investment

Rural LandCo raises $11m from instos after shortfall bookbuild
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2

Rural Land Co seeks $20m for Southland farm buy
Investment
5

Short-term pain, long-term gain for NZ Rural Land Co
Investment

Allied Farmers changes auditor in cost-cutting bid
Forest carbon sink sold for $63m
Investment,
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