New Zealand's Carter Holt Harvey trims IPO plan

August 14, 2015 1:07 AM

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WELLINGTON Aug 14 New Zealand wood products company Carter Holt Harvey (CHH), owned by the country's richest man, Graeme Hart, on Friday said it had revived a plan for a share float but has trimmed its scope and excluded Australian assets.

CHH put an offer estimated to be worth up to NZ$1 billion ($654.80 million) on hold in June because of uncertainty about the earnings outlook of its Australian timber business.

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