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Lines and wine - a twisty turny story


Possibly, it could be argued, too much.
Industries like wine do attract people because of the glamour, but actually it can be an extremely difficult industry to make money in,” says the New Zealand Herald s Wellington Business Editor Hamish Rutherford.
He s talking about his investigation into Marlborough Lines and Yealands Wine saga, and what happened when the utility company spent tens of millions on such an unlikely investment.
Today, Rutherford tells The Detail why a local business advisor, David Taylor, is taking court action against the trustees of Marlborough Electric Power Trust, the owner of Marlborough Lines, over the 2015 purchase of Yealands Wines.  ....

Hamish Rutherford , Jeff Fyfe , Peter Yealands , David Taylor , Sharon Brettkelly , Ministry For Primary Industries , Marlborough Electric Power , New Zealand Herald , Wellington Business Editor Hamish , Marlborough Lines , Yealands Wine , Marlborough Electric Power Trust , Tamra Kelly Washington , Primary Industries , Detail Rutherford , ஹமிஷ் ரதர்ஃபோர்ட் , ஜெஃப் ஃபைஃப் , டேவிட் டெய்லர் , அமைச்சகம் க்கு ப்ரைமரீ தொழில்கள் , மார்ல்பரோ மின்சார பவர் , புதியது ஜீலாந்து ஹெரால்ட் , வெலிங்டன் வணிக ஆசிரியர் ஹமிஷ் , மார்ல்பரோ கோடுகள் , மார்ல்பரோ மின்சார பவர் நம்பிக்கை , தாமிர கெல்லி வாஷிங்டன் , ப்ரைமரீ தொழில்கள் ,

The Detail: A deep-dive into the Marlborough Lines and Yealands Wine saga


Taylor told Rutherford he was concerned the lines company paid too much for Yealands, which has performed poorly in recent years. He believed tens of thousands of consumers and beneficiaries have been disadvantaged and should be compensated for the losses.
They re trying to find out about who knew what, when. What due diligence was done, what research was done, who declared conflicts, all sorts of things. And did the trustees really hold Marlborough Lines to account, says Rutherford.
Stuart Smith the Kaikōura MP (covering Marlborough) immediately came out with a public statement saying it was unclear whether a utility company, which is a very simple and organised and regulated business, had the skills to run a wine business - which is all about branding. [There’s] so much more uncertainty in the wine business. ....

Hamish Rutherford , Jeff Fyfe , Peter Yealands , David Taylor , Sharon Brettkelly , Ministry For Primary Industries , Marlborough Electric Power , New Zealand Herald , Wellington Business Editor Hamish , Marlborough Lines , Yealands Wine , Marlborough Electric Power Trust , Tamra Kelly Washington , Primary Industries , Detail Rutherford , ஹமிஷ் ரதர்ஃபோர்ட் , ஜெஃப் ஃபைஃப் , டேவிட் டெய்லர் , அமைச்சகம் க்கு ப்ரைமரீ தொழில்கள் , மார்ல்பரோ மின்சார பவர் , புதியது ஜீலாந்து ஹெரால்ட் , வெலிங்டன் வணிக ஆசிரியர் ஹமிஷ் , மார்ல்பரோ கோடுகள் , மார்ல்பரோ மின்சார பவர் நம்பிக்கை , தாமிர கெல்லி வாஷிங்டன் , ப்ரைமரீ தொழில்கள் ,

2020 A Challenging Year For Marlborough Electric Power Trust


Tuesday, 15 December 2020, 4:29 pm
This past financial year has been a challenging one for
the Marlborough Electric Power Trust, chairman Ian Martella
says.
The trust held its annual public meeting last
night, to report back to power consumers in Marlborough on
the year ending 30 June 2020. The trust owns 100 per cent of
the shares in electricity lines company Marlborough Lines,
on behalf of the power consumers of Marlborough.
Ian
says the year was marked by uncertainty and stress for
everyone, and this has adversely affected the Marlborough
Lines Group’s performance.
MLL was not immune to the
impacts and trading restrictions of COVID-19, with a ....

Malcolm Aitken , Ian Martella , Marlborough Electric Power Trust On Infopages , Marlborough Lines Group , Citizen Community , Foundation For Public Interest Journalism , Zealand Super Fund , Marlborough Electric Power , Marlborough Electric Power Trust , Marlborough Lines , New Zealand Super Fund , David Dew , Scoop Citizen Community , In Depth Engaged Journalism , Scoop Foundation , Public Interest Journalism , மால்கம் ஐட்கென் , ஈயந் மார்டெல்லா , மார்ல்பரோ கோடுகள் குழு , குடிமகன் சமூக , அடித்தளம் க்கு பொது ஆர்வம் பத்திரிகை , ஜீலாந்து அருமை நிதி , மார்ல்பரோ மின்சார பவர் , மார்ல்பரோ மின்சார பவர் நம்பிக்கை , மார்ல்பரோ கோடுகள் , புதியது ஜீலாந்து அருமை நிதி ,

Marlborough Electric Power Trust | Scoop InfoPages


Tuesday, 15 December 2020, 4:29 pm | Marlborough Electric Power Trust
This past financial year has been a challenging one for the Marlborough Electric
Power Trust, chairman Ian Martella says. The trust held its annual public meeting
last night, to report back to power consumers in Marlborough on the year ending 30 . More
  ....

Ian Martella , Marlborough Electric Power , Marlborough Electric Power Trust , ஈயந் மார்டெல்லா , மார்ல்பரோ மின்சார பவர் , மார்ல்பரோ மின்சார பவர் நம்பிக்கை ,

ASB's attempt to syndicate Yealands loans failed, Marlborough Lines reveals


ASB s attempt to syndicate Yealands loans failed, Marlborough Lines reveals
15 Dec, 2020 04:28 AM
3 minutes to read
In 2019 ASB unsuccessfully attempted to syndicate its debt to Yealands Wine Group, the Marlborough wine company s owners revealed this week. Photo / supplied
In 2019 ASB unsuccessfully attempted to syndicate its debt to Yealands Wine Group, the Marlborough wine company s owners revealed this week. Photo / supplied
Yealands Wine Group sold off a chunk of its vineyards to the Super Fund after an attempt to syndicate loans held by ASB failed.
At the start of December, Yealands announced that it was selling
four of its Marlborough vineyards to the New Zealand Superannuation Fund, for a price understood to be $34 million. ....

New Zealand , Tim Cosgrove , Matt Thompson , David Taylor , Yealands Wine Group , Super Fund , Marlborough Electric Power , Zealand Superannuation Fund , High Court , New Zealand Superannuation Fund , Marlborough Electric Power Trust , Marlborough Lines , David Dew , Marlborough Line , புதியது ஜீலாந்து , நேரம் காஸ்கிரோவ் , மேட் தாம்சன் , டேவிட் டெய்லர் , அருமை நிதி , மார்ல்பரோ மின்சார பவர் , ஜீலாந்து சுப்பெறன்ணுஅதிோன் நிதி , உயர் நீதிமன்றம் , புதியது ஜீலாந்து சுப்பெறன்ணுஅதிோன் நிதி , மார்ல்பரோ மின்சார பவர் நம்பிக்கை , மார்ல்பரோ கோடுகள் , டேவிட் பனி ,