Our latest updates on the Eastland Network sale.
Firstgas Group is pleased to confirm Overseas Investment Office (OIO) approval for the acquisition of Eastland Network. The transaction will be completed on 31 March 2023.
Date: March 16, 2023
Find out more
Eastland Group and its sole shareholder Trust Tairāwhiti have announced the sale of Eastland Network to Firstgas, owned by Igneo Infrastructure Partners, for $260 million. Eastland Network is the electricity lines company for Tairāwhiti and Wairoa, delivering power to nearly 26,000 customers across 12,000 square kilometres.
Date: 22 November 2022
Find out more
Beneficiaries are welcome to address Trustees at a special meeting of Trust Tairāwhiti on 18 November, as they consider all community feedback around the proposed sale of Eastland Network.
Date: 7 November 2022
Find out more
Eastland Group and its sole shareholder Trust Tairāwhiti have today advised the proposed sale of Eastland Network has progressed into the due diligence stage...
Date: 5 October 2022
Find out more
Eastland Group and its sole shareholder, Trust Tairāwhiti, advised on 13 September 2022 that a number of non-binding indicative proposals to acquire electricity lines business,...
Date: 13 September 2022
Find out more
Eastland Group and its sole shareholder, Trust Tairāwhiti have today announced a plan to unlock value from the successful growth of Eastland Group to underpin...
Date: 23 June 2022
Find out more