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SCF's Helicopters NZ sale settled for $154m
Monday 11th of July 2011
SCF's receivers, Kerryn Downey and William Black of McGrathNicol, say that's because HNZ's joint venture Glacier Helicopters, which operates tourist trips to the Fox and Franz Joseph Glaciers, has been excluded from the sale after the joint venture partner exercised its pre-emptive rights.
The receivers say they are negotiating with the joint venture partner.
The HNZ...
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