Answered
Question 35666 (2026)
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Asked by
Francisco Hernandez
List MP · Green Party
Question
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Why did New Zealand Green Investment Finance divest from Neocrete?
Answered by
Hon Simon Watts
Member for North Shore · National Party · Minister of Climate Change
Answer
Cabinet decided to wind down New Zealand Green Investment Finance (NZGIF) in April 2025 [CAB-25-MIN-0086.02 refers]. As part of its wind-down plan and asset realisation process, NZGIF have been exiting its remaining investments and returning capital to the Crown. NZGIF divested its investment into NEOCRETE LIMITED and now holds a 0% shareholding in NEOCRETE LIMITED.