Rayonier completes sale of new zealand business to the rohatyn group

Wildlight, fla.--(business wire)--rayonier inc. (“rayonier”) (nyse:ryn) today announced the completion of the previously announced sale of entities holding its 77% interest in the new zealand joint venture to a special purpose vehicle owned by an investment fund managed by the rohatyn group (“trg”), a global asset manager specializing in emerging markets and real assets, for a purchase price of $710 million. net proceeds to rayonier, after adjusting for estimated net debt, working capital, tran.
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