12 May 2015

CHH could list by July

2:12 pm on 12 May 2015

Wood products company, Carter Holt Harvey, could list on Australasian stock markets as early as July, after formally announcing it is considering a share float.

Last month, markets [speculated http://www.radionz.co.nz/news/business/270528/hart-to-float-carter-holt-harvey]

Carter Holt's billionaire owner, Graeme Hart, would sell up to 60 percent of the company, retaining a 40 percent stake.

The joint lead managers are Credit Suisse, First NZ Capital, Deutsche Bank, Deutsche Craigs, and Forsyth Barr.

If Mr Hart decides to list Carter Holt, markets expect a prospectus could be available by early next month.

Under Mr Hart's leadership, Cater Holt sold its pulp and paper assets to focus on supplying wood products to housing and construction markets in Australia and New Zealand.