Rubicon confirms sale of Clearwood business to Tenon Clearwood Partnership
28 April 2017 - Rubicon’s 60% owned subsidiary, Tenon Limited, today announced that it had closed the US$55 million sale of its Clearwood operating business to the Tenon Clearwood Limited Partnership (“TCLP”) - please refer attached full announcement from Tenon. The TCLP comprises a group of private NZ and US investors, and Rubicon. Rubicon is the general partner of the TCLP, and in addition Rubicon and associates will have a 50% ownership interest in the TCLP. [ details ]