Foresta Receives Overseas Investment Office Approval to Extend Negotiations for New Zealand Project

MT Newswires Live

06/11

Foresta Group Holding (ASX:FGH) received approval from the New Zealand Overseas Investment Office to extend the timeframe to advance negotiations for its New Zealand project, according to a Tuesday filing with the Australian bourse.

The extension grants the company additional time to acquire the land by July 8, 2026, obtain resource consent for plant construction by Dec. 31, 2026, and start operations by Dec. 31, 2029, the filing said.

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