There's no question these decisions were market sensitive. The impact was dramatic: the kiwi dollar jumped a quarter of a US cent, a big move relative to its prevailing tight trading ranges at the time, and the share prices of three of the four Australian banks and the sole NZX-listed bank, Heartland Group, all rose.
Evergreen is no longer a participant in the Kiwi Forests Consortium but Boston-based Prudential Timber Inc is still involved, Fletchers Forests said in a statement to the NZX.
The NZX listed company includes Briscoes, Rebel Sport and Living & Giving.
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