Monthly Archives: November 2022

Eastland Group and shareholder Trust Tairāwhiti announce sale of Eastland Network to Firstgas Group, owned by Igneo Infrastructure Partners, for $260 million

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Eastland Group and shareholder Trust Tairāwhiti announce sale of Eastland Network to Firstgas Group, owned by Igneo Infrastructure Partners, for $260 million

  Firstgas Group (Firstgas), owned by Igneo Infrastructure Partners (Igneo), will buy 100% of Eastland Network for $260m. The asset book value of Eastland Network as at 31 March 2022 was $185m. Upon settlement, the proceeds will be split between Trust Tairāwhiti and Eastland Group. A special distribution of $80m will be provided to Trust… Read more »