Rayonier and the rohatyn group announce agreement on sale of new zealand joint venture interest for $710 million

Wildlight, fla.--(business wire)--rayonier inc. (“rayonier”) (nyse:ryn) and the rohatyn group (“trg”), an investment firm specializing in emerging markets and real assets, today announced an agreement for rayonier to sell the entities that hold its entire 77% interest in the new zealand joint venture to a special purpose vehicle formed by ents lp, an investment fund managed by trg, for $710 million, subject to net debt, working capital, and other adjustments. this sale marks the conclusion of r.
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