{"id":63361,"date":"2025-10-07T09:44:20","date_gmt":"2025-10-07T09:44:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/63361\/"},"modified":"2025-10-07T09:44:20","modified_gmt":"2025-10-07T09:44:20","slug":"brookfield-backs-nz-gas-markets-with-2b-clarus-group-buy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/63361\/","title":{"rendered":"Brookfield backs NZ gas markets with $2b Clarus Group buy"},"content":{"rendered":"

BusinessDesk<\/p>\n

6 Oct, 2025 04:56 AMQuick Read<\/p>\n

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Clarus chief executive Paul Goodeve – the company has a new shareholder in Canadian investor Brookfield.\u00a0<\/p>\n

Canadian investment fund Brookfield is to buy the gas distribution businesses of one of New Zealand\u2019s largest gas network owners, Clarus Group, as part of a deal reported to be worth about $2 billion by Australian media.<\/p>\n

\n In statements released today, Clarus confirmed the purchase by Brookfield of its Firstgas,
\n Rockgas, and Flexgas segments.\n <\/p>\n

Australian-owned rival network owner Powerco is to buy Clarus\u2019 Firstlight Network, an electricity distribution business that supplies electricity to Tair\u0101whiti and Wairoa. <\/p>\n

The Australian Financial Review reported that the transactions are valued at A$1.8b ($2.04b) and represent the conclusion of a four-year effort by Clarus\u2019 current shareholder, Igneo Infrastructure Partners, to quit the business, which it acquired in 2016.<\/p>\n

Read more at BusinessDesk.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"BusinessDesk 6 Oct, 2025 04:56 AMQuick Read Subscribe to listenAccess to Herald Premium articles require a Premium subscription.…\n","protected":false},"author":2,"featured_media":63362,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[51649,1443,1135,32319,8613,13304,138,10166,3167,13312,13306,3468,18287,295,16460,209,1426,19136,220,1073,3805,111,139,69,9769,5202,15267,102,19985,2963],"class_list":["post-63361","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-2b","tag-about","tag-australian","tag-backs","tag-billion","tag-brookfield","tag-business","tag-businesses","tag-buy","tag-canadian","tag-clarus","tag-deal","tag-distribution","tag-fund","tag-gas","tag-group","tag-investment","tag-largest","tag-markets","tag-media","tag-network","tag-new-zealand","tag-newzealand","tag-nz","tag-owners","tag-part","tag-reported","tag-with","tag-worth","tag-zealands"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/63361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=63361"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/63361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/63362"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=63361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=63361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=63361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}