4 Aug 2015

Investment firm Rangatira assesses assets

12:44 pm on 4 August 2015

Investment firm Rangatira is reviewing its assets and is not ruling out cutting any from its portfolio, the company's chief executive says.

Rangatira chief executive, Phil Veal.

Rangatira chief executive, Phil Veal. Photo: RNZ/Jonathan Mitchell

The company, which has stakes in the food company Hellers, the theme park Rainbow's End, as well as the brewery Tuatara, held its annual shareholders' meeting in Wellington yesterday.

It was raised in the meeting that the firm was assessing the performance of APC Innovate and Konnect Net.

Speaking afterwards, chief executive of Rangatira, Phil Veal, said the company was reviewing its options.

"We are constantly evaluating the fit for our portfolio and whether we believe we can deliver on our investment thesis, said Mr Veal.

"We are open to divestments, we are open to selling assets where we find a higher-value owner for them."

But Mr Veal said the investment company had the capital to make acquisitions and was hopeful of a deal before the end of the year.