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New Zealand Superannuation Fund in discussions with Harvard over purchase of Kaingaroa forest

Early this month it was announced that the NZ Super Fund and global investment firm GMO Renewable Resources were in discussions with Harvard Management Company over the possible purchase of Harvard's majority stake in Kaingaroa forest estate.

Harvard currently holds a 60% stake in Kaingaroa, an estate of approximately 170,000 hectares of harvesting rights on plantation forest located in the Central North Island of New Zealand.

The Fund already owns a 40% stake in Kaingaroa.