Rayonier to Sell its Stake in New Zealand JV to TRG for $710M
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Rayonier (RYN) is selling its 77% stake in a New Zealand joint venture to The Rohatyn Group's Ents LP fund for $710 million. This move is part of Rayonier's strategy to focus on its core U.S. markets.
March 11, 2025 | 7:15 pm
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Rayonier is selling its 77% stake in a New Zealand joint venture for $710 million to focus on U.S. markets.
The sale of the New Zealand JV stake allows Rayonier to focus on its core U.S. markets, potentially improving operational efficiency and financial performance. The $710 million deal could strengthen its balance sheet.
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