Evergreen Seeks Expressions Of Interest In Forestry Estate
Evergreen Forests Limited is to call for expressions of interest in its forestry estate and has mandated Forsyth Barr to
undertake a competitive sale process.
The company previously announced that it was to seek advice from Forsyth Barr on asset sale and recapitalisation
options. Several conditional expressions of interest have been received and the Board has determined that in the
interests of all shareholders, a competitive trade sale should be pursued.
If the Board considers that following the receipt of binding proposals, it is in the best interests of shareholders to
sell the company’s land and forest assets, a meeting of shareholders will be convened.
Forsyth Barr will be providing material to interested parties from next week and an Information Memorandum will be
available soon after to qualifying parties upon signing a confidentiality agreement.