Ngāi Tahu Holdings

Ngāi Tahu has been engaged in modern-day commercial activities since the late 1950s when the Ngāi Tahu Māori Trust Board had an annual income of about $20,000 to put toward investment and distribution through the iwi. Ngāi Tahu used the income to reinvest and grow the asset base of the tribe. From the beginning, Ngāi Tahu's fiscal policy involved reinvesting roughly two thirds of income and maintaining a tightly focused distribution policy to provide support to tribal members through education grants and scholarships.

As a result of the Ngāi Tahu Claims Settlement Act 1998, Ngāi Tahu received a settlement sum of $170 million. It also subsequently involved fisheries and aquaculture assets valued at $71 million.

As a result of the 2011 Christchurch earthquake, Ngāi Tahu reported a $4.7 million after-tax net-loss, down from a $27.8 million net-profit the previous financial year. Over $18 million worth of value adjustments were made to investment properties owned by the group as a whole, and over $9 million worth of direct quake writedown. However, insurance claims were lodged by the group and payments are expected{{Explain|date=December 2016}} within the 2012 financial year.{{cite news|last1=Gibson|first1=Anne|title=Ngāi Tahu upbeat despite big hit from quakes|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10760067|accessdate=30 November 2016|agency=New Zealand Herald |date=19 October 2011}}

In 2013, Ngāi Tahu received a relativity payment of $68 million from the New Zealand Government under their settlement agreement in the 1990s.{{cite news|last1=Tahana|first1=Yvonne|title=Tribes talk further payouts|url=http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10863705|accessdate=30 November 2016|agency=New Zealand Herald |date=6 February 2013}}

By the end of 2013, Ngāi Tahu had assets of around $1 billion, of which 56 per cent are in property, 20 per cent are in capital, 9 per cent in tourism, 7 per cent in seafood, 6 per cent in fisheries settlement and 2 per cent in other holdings.

According to the New Zealand Companies Office Shotover Jet Limited is 100 percent owned by Ngāi Tahu Tourism since 16 July 2007.{{cite web|title=Shareholdings – Shotover Jet Limited|url=https://www.companiesoffice.govt.nz/companies/app/ui/pages/companies/619782/shareholdings|website=companiiesoffice.co.nz|accessdate=24 November 2016}}

File:Shotover Jet, Jet Boating the Shotover River Canyons, Queenstown, New Zealand.jpg is one of several assets owned by Ngāi Tahu Holdings.]]

In 1999, Ngāi Tahu Holdings acquired a 38 percent stake in Queenstown's Shotover Jet. In August 1999, Ngāi Tahu Holdings raised its stake to 49%.{{cite news|last1=Gibson|first1=Anne|title=Entrepreneur faces the music after collapse|url=http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=127169|accessdate=17 November 2016|agency=New Zealand Herald |date=30 June 2000}} It was reported on 30 October 2001 that Ngāi Tahu Holdings had raised its stake in Shotover Jet to 80%.

On 10 September 2002, Ngāi Tahu sought to acquire the remaining 18 percent of Shotover it didn't own, at 60 cents a share. Included in Shotover's assets were the Shotover, Dart, Kawarau and Waikato rivers' speedboat attractions, Rainbow Springs and Farm, as well as a jetboat business in Fiji.{{cite news|last1=Hendery|first1=Simon|title=Tribe in bid for rest of Shotover|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=2697082|accessdate=17 November 2016|agency=New Zealand Herald |date=10 September 2002}} On 9 October, this bid was taken up to 70c a share.{{cite news|title=Shotover Jet directors urge caution on new takeover bid|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=2998332|accessdate=17 November 2016|agency=New Zealand Herald |date=9 October 2002}}

By 12 November 2002, Ngāi Tahu held 88.3% of all Shotover shares.{{cite news|last1=Hendery|first1=Simon|title=Tribe close to 90pc trigger point for Shotover Jet|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=3003987|accessdate=18 November 2016|agency=New Zealand Herald |date=12 November 2002}}

On 5 May 2004 it was reported that Ngāi Tahu had used New Zealand Compulsory Acquisitions Laws to acquire the remaining stake of Shotover they didn't already own. Shotover was de-listed from the NZX on 7 May 2004.{{cite news|last1=Hendery|first1=Simon|title=Ngāi Tahu's bumpy ride to Shotover Jet ownership|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=3564528|accessdate=22 November 2016|agency=New Zealand Herald |date=5 May 2004}}

All Shotover operations in New Zealand were suspended on 1 January 2006 due to an engine fire on a boat. Operations resumed on 5 January.{{cite news|last1=Scott|first1=Todd|title=Shotover to resume operations|url=https://www.nbr.co.nz/article/shotover-resume-operations|accessdate=7 December 2016|agency=National Business Review |date=4 January 2006}}

In May 2009 Ngāi Tahu Tourism and Shotover Jet took Queenstown Water Taxis to court for using the well-known Shotover fleet colour of red on one of its jet boats causing confusion for tourists. The court ruled for Shotover and ordered Queenstown Water Taxis to repaint their boat and to pay the legal expenses of Ngāi Tahu Tourism and Shotover Jet, as well as to pay $9,380 costs.{{cite news|last1=Stickley|first1=Tony|title=Jetboat operator calls bluff – and loses|url=https://www.nbr.co.nz/article/jetboat-operator-calls-bluff-and-loses-102051|accessdate=7 December 2016|agency=National Business Review |date=8 May 2009}}

Shotover Jet made the news when the Duke and Duchess of Cambridge participated in a Shotover ride in April 2014. David Kennedy, Regional General Manager for Ngāi Tahu Tourism said, "[William and Catherine] have requested a normal Shotover Jet boat trip, which is always cautious but it's still the most exciting jetboat ride in the world. "They'll be doing 360-degree spins and going within half a metre of the rocks."{{cite news|last1=Quilliam|first1=Rebecca|title=Royal visit: High-speed thrills for royal couple|url=http://www.nzherald.co.nz/lifestyle/news/article.cfm?c_id=6&objectid=11234732|accessdate=30 November 2016|agency=New Zealand Herald |date=9 April 2014}}

Founded in 1929 by Ted Bruce, Rainbow Springs has become one of the most visited tourism attractions in Rotorua. Between 1929 and 1932, Rainbow Springs was expanded by building cabins, a campground and caravan park. The park was acquired by The Shotover Group in 1995, became the direct property of Ngāi Tahu Holdings in 2004,{{cite web|title=Rainbow Springs Story – About Us|url=http://www.rainbowsprings.co.nz/history-of-rainbow-springs/|website=rainbowsprings.co.nz|accessdate=30 November 2016}} and was transferred to Ngāi Tahu Tourism ownership in July 2007.{{cite web|title=Shareholding – Rainbow Springs Limited|url=https://www.companiesoffice.govt.nz/companies/app/ui/pages/companies/651686/shareholdings|website=companiesoffice.co.nz|accessdate=30 November 2016}}

In May 2011, Ngāi Tahu announced it would spend $10 million constructing "The Big Splash", a water-based attraction, within its Rainbow Springs property.{{cite news|last1=Hembry|first1=Owen|title=Ngāi Tahu education ride aims to make big splash|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10722761|accessdate=30 November 2016|agency=New Zealand Herald |date=2 May 2011}} On 1 March 2022, Ngāi Tahu Tourism announced the closure of Rainbow Springs Nature Park, saying that the tourism operation was no longer financially viable. It was also announced that the National Kiwi Hatchery at Rainbow Springs would continue to operate while plans were made to move it to the Agrodome.{{cite news |url=https://www.stuff.co.nz/travel/news/127917332/closure-confirmed-for-rotorua-icon-rainbow-springs-after-all-options-were-explored |title=Closure confirmed for Rotorua icon Rainbow Springs after 'all options were explored' |first=Benn |last=Bathgate |date=1 March 2022 |work=Stuff |access-date=1 March 2022}}

In September 2011 it was confirmed that Ngāi Tahu had acquired a stake in the Agrodome in Rotorua.{{cite news|last1=Martin|first1=Matthew|title=City icons snapped up by outside iwi|url=http://www.nzherald.co.nz/rotorua-daily-post/news/article.cfm?c_id=1503438&objectid=11036975|accessdate=30 November 2016|agency=Rotorua Daily Post|work=The New Zealand Herald|date=3 August 2011}}{{cite news|last1=Gibson|first1=Anne|title=The rousing giant of Maori money|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10749076|accessdate=30 November 2016|agency=New Zealand Herald |date=3 September 2011}} Ngāi Tahu's initial investment in The Agrodome was a 75 percent stake.{{cite news|last1=Twose|first1=Helen|title=Success: Asia sales focus delivers growth|url= https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10861260 |accessdate=17 December 2019 |work=The New Zealand Herald |date=25 January 2016}} Company Office records show that the current Agrodome Limited company was registered on 12 August 2011 and is indirectly owned by Ngāi Tahu Tourism Limited, via its direct subsidiary, CNI Tourism Limited.{{cite web|title=About Company – Agrodome Limited|url=https://www.companiesoffice.govt.nz/companies/app/ui/pages/companies/3512791|website=companiesoffice.co.nz|accessdate=30 November 2016}} Twenty five percent of the company was owned by Harbow Trust Limited between the registration of Agrodome Limited in 2011 and July 2014.{{cite web|title=Shareholding – Agrodome Limited|url=https://www.companiesoffice.govt.nz/companies/app/ui/pages/companies/3512791/shareholdings|website=companiesoffice.co.nz|accessdate=30 November 2016}}

As well as being a tourist attraction, Agrodome operates a 133 ha sheep and cattle farm, and olive groves. To celebrate a successful olive harvest in 2014, Ngāi Tahu promoted and celebrated its first annual Olive Festival.{{cite news|title=First olives ready for picking|url=http://www.nzherald.co.nz/rotorua-daily-post/news/article.cfm?c_id=1503438&objectid=11263820|accessdate=30 November 2016|agency=Rotorua Daily Post|work=The New Zealand Herald|date=29 May 2014}}

On 23 April 2020, Ngāi Tahu Tourism announced its intention to close its businesses, as a result of the COVID-19 pandemic, with the loss of over 300 jobs.{{cite news |url=https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12327101 |title=Covid 19 coronavirus: Ngāi Tahu Tourism has no revenue, to cut 300+ jobs |date=23 April 2020 |work= The New Zealand Herald |accessdate=23 April 2020}} It was expected that a final decision would be made in May 2020, following a period of consultation with staff.

Ngāi Tahu first invested in Ryman Healthcare in 1996{{cite web|title=Our History|url=http://www.rymanhealthcare.co.nz/investor-centre/our-history|website=Ryman Healthcare Limited|accessdate=17 November 2016|archive-url=https://web.archive.org/web/20180831073009/https://www.rymanhealthcare.co.nz/investor-centre/our-history|archive-date=31 August 2018|url-status=dead}} in a partnership with Canadian Equity-firm Direct Capital Partners, that gave them 50% of the company; or 25% each.{{cite news|last1=Senescall|first1=Geoff|title=Ryman eye's $50m float|url=http://www.nzherald.co.nz/sharemarket/news/article.cfm?c_id=316&objectid=5296|accessdate=17 November 2016|agency=New Zealand Herald |date=30 June 2000}}

It was reported on 30 October 2001 that Ngāi Tahu's stake in Ryman had been decreased to 20%.

On 19 June 2003, Ngāi Tahu's stake was diluted down to 16% upon the issuance of new shares.{{cite news|title=Ryman Healthcare may head for top-50 after share sale|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=3508240|accessdate=18 November 2016|agency=New Zealand Herald |date=19 June 2003}}

In February 2007, Ngāi Tahu sold 6% of their Ryman shares to 'global investment firm' Babcock & Brown, for $2.10 per share,{{cite news|title=Babcock and Brown takes 6 per cent holding in Ryman|url=https://www.nbr.co.nz/article/babcock-and-brown-takes-6-cent-holding-ryman|accessdate=7 December 2016|agency=National Business Review |date=23 February 2007}} taking their remaining shareholding down to 6.5%.{{cite news|title=Ngāi Tahu returns positive result|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10425381|accessdate=22 November 2016|agency=New Zealand Herald |date=23 February 2007}}

In February 2008, Ngāi Tahu increased its shareholding to 8%.{{cite news|last1=Parker|first1=Tasmyn|title=Tribes buy joint stake in Ryman|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10491467|accessdate=22 November 2016|agency=New Zealand Herald |date=9 February 2008}}

In October 2013, it was reported that Ngāi Tahu had a shareholding of 6%.{{cite news|last1=Gibson|first1=Anne|title=Farm value, share surge drives Ngāi Tahu profit jump|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11133134|accessdate=30 November 2016|agency=New Zealand Herald |date=2 October 2013}}

According to the Companies Office Ngāi Tahu Capital directly own 4.84% of Ryman Healthcare as of April 2016.{{cite web|title=Shareholdings – Ryman Healthcare Limited|url=https://www.companiesoffice.govt.nz/companies/app/ui/pages/companies/337739/shareholdings|website=companiesoffice.co.nz|accessdate=24 November 2016}}

In April 2011, it was reported that Ngāi Tahu had invested a $15,000,000 investment in a joint-venture vehicle with the purpose of owning shares in the agriculture company PGG Wrightson.{{cite news|title=Ngāi Tahu buys into PGG Wrightson|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10720118|accessdate=30 November 2016|agency=Newstalk ZB |work=The New Zealand Herald|date=18 April 2011}} It was later confirmed that Ngāi Tahu had entered into an agreement with Agria Corporation, a Singaporean agriculture company, and New Hope Group, a Chinese investment company, to invest in the vehicle used to take over a 57.68% share in PGG Wrightson.{{cite news|title=Concerns raised by LIC over bid link|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10720227|accessdate=30 November 2016|agency=Otago Daily Times |work=The New Zealand Herald|date=19 April 2011}} Ngāi Tahu holds a 7.09% shareholding in the investment vehicle, Agria (Singapore) Pte Ltd.{{cite news|last1=O'Sullivan|first1=Fran|title=Fran O'Sullivan: Left in dark over Agria takeover|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10720449|accessdate=30 November 2016|agency=New Zealand Herald |date=20 April 2011}}

After the deal went through, then chief executive officer of Ngāi Tahu Holdings, Greg Campbell, said, "This is an extremely valuable proposition from a strategic and relationship perspective and it is great to be able to announce this joint venture particularly given the recent tragic events in Christchurch."{{cite news|title=Ngāi Tahu takes stake in PGG Wrightson|url=http://www.nzherald.co.nz/rotorua-daily-post/rural/news/article.cfm?c_id=1503433&objectid=11025795|accessdate=30 November 2016|agency=Rotorua Daily Post|date=18 April 2011}}

According to the New Zealand Companies Office, Agria Singapore, held a 50.22% shareholding as of December 2016.{{cite web|title=Shareholding – PGG Wrghtson Limited |url=https://www.companiesoffice.govt.nz/companies/app/ui/pages/companies/142962/shareholdings|website=companiesoffice.co.nz|accessdate=30 November 2016}}

Ngāi Tahu Seafood was established to manage the fishing quota received by Ngāi Tahu following settlement with the Crown in 1992 as a direct consequence of a recommendation by The Waitangi Tribunal. Ngāi Tahu Seafood is headquartered adjacent to the International Airport of Christchurch, New Zealand. Ngāi Tahu Seafood also holds substantial fishing quotas in rock lobster, pāua, blue cod, Bluff oysters and New Zealand greenshell mussels and a multitude of other species. The company have facilities in Bluff, Christchurch, Kaikōura and Picton; and range from simple, wharf-based receiving chillers through to full, export-registered processing plants. Ngāi Tahu Seafood is a major supplier of New Zealand seafood to international and domestic markets, under the TAHU brand.{{cite web|title=Operations – Ngāi Tahu Seafood|url=http://www.ngaitahuseafood.com/operations/|website=ngaitahuseafood.com|accessdate=7 December 2016}}

On 29 August 2007, it was stated that Ngāi Tahu had formed Joint-Ventures in the Chatham Islands, to process Pāua, Kina, and Wetfish species, and in China to build up live lobster exports.{{cite news|last1=Hipkins|first1=Geoff|title=Ngāi Tahu Seafoods back in profit after difficult times|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10460407|accessdate=22 November 2016|date=29 August 2007}}

In April 2008, Ngāi Tahu Seafood General Manager Geoff Hipkins travelled to China as a part of the New Zealand delegation to sign the New Zealand-China Free Trade Agreement. Whilst there, the goal of Mr. Hipkins was to attempt to find more "ports of call" into the Chinese market. He travelled to Shanghai, Beijing, and Wuhan on behalf of Ngāi Tahu Seafood.{{cite news|last1=Tahana|first1=Yvonne|title=Ngāi Tahu fishing for fresh contacts|url=http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10502881|accessdate=22 November 2016|agency=New Zealand Herald |date=9 April 2008}}

Between 2011 and 2014 Ngāi Tahu started acquiring fishing quotas in South Australia for importation and sale in China.{{cite news|last1=Bradley|first1=Grant|title=Ngāi Tahu Holdings set to grow|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11339416|accessdate=1 December 2016|agency=New Zealand Herald |date=9 October 2014}}

Ngāi Tahu Property owns multiple ex-government and/or council owned properties. Ngāi Tahu holds right of first refusal to acquire any state-owned property within its exclusive economic area. In 2010, Ngāi Tahu Property held assets in the tune of $450,000,000; including but not limited to, the Queenstown Police Station, Christchurch Courts, and 50 percent of the Christchurch City Council Headquarters.{{cite news|last1=Hunt|first1=Graeme|title=Iwi wants slice of infrastructure|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10665306|accessdate=28 November 2016|agency=New Zealand Herald |date=11 August 2010}}

In August 2011, it was mentioned in a New Zealand Herald article that Ngāi Tahu owns 83,600 ha of "rural land", of which around 90 percent are leased to third-party forestry organisations.{{cite news|last1=Gibson|first1=Anne|title=Ngāi Tahu portfolio shaken by quakes|url=http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=10748507|accessdate=30 November 2016|agency=New Zealand Herald |date=31 August 2011}}

In November 2007, Ngāi Tahu Property entered a joint venture with Lincoln University to develop former dairying land on the edge of the Lincoln township into housing for students. The land, which is owned by the university, was formerly used as a research farm but was decommissioned in 2001 and subsequently establishment as a 160 ha dairy farm between Lincoln and Springston. The subdivision is planned to encompass 117 ha on the western edge of the town and "will achieve a long-anticipated connection between the town and the Lincoln University central campus," according to Ngāi Tahu Property general manager Tony Sewell. The properties will be released in stages over the next 12 years. There will be over 1000 sections and will incorporate additional community services and education facilities in the area.{{cite news|last1=Hutching|first1=Chris|title=Ngāi Tahu connects "knowledge hub"|url=https://www.nbr.co.nz/article/ngai-tahu-connects-knowledge-hub|accessdate=30 November 2016|agency=National Business Review |date=21 November 2007}}

Prestons is a subdivision developed by Ngāi Tahu Property, Foodstuffs South Island, and CDL Land New Zealand. Prestons first 200 Sections were released for purchase on 16 October 2012.{{cite news|last1=Almao|first1=John|title=Prestons releases first 200 sections to market|url=http://prestons.co.nz/news/23-prestons-releases-first-200-sections|accessdate=7 December 2016|agency=Prestons Media|date=16 October 2012}}

Ngāi Tahu Property as well as the local councils and Canterbury Earthquake Recovery Authority engaged in discussions to fast-track zoning permission by Earthquake Recovery Minister Gerry Brownlee under the Canterbury Earthquake Recovery Act in order to open up land to those in the designated 'Red Zone' to buy and move to.{{cite news|last1=Hutching|first1=Chris|title=Ngāi Tahu/CDL launch Prestons subdivision|url=https://www.nbr.co.nz/article/ngai-tahucdl-launch-prestons-sub-division-ch-130778|accessdate=7 December 2016|agency=National Business Review |date=16 October 2012}}

On 26 November 2007, the Herald announced that Ngāi Tahu and Tainui had met at Arowhenua Marae in South Canterbury and signed deals to establish formal intentions on 23 November 2007 to work together, using a memorandum of understanding to form a basis to establish a working environment between the two iwi.

New Zealand Labour Party MP Shane Jones said, "You need to remember that Maori trusts and iwi organisations, they're very rarely sellers. They like to hold assets for a long, long time, and given the amount of foreign ownership in the economy, it's good that tribes work together and help to buy back some of those assets that looked lost."{{cite news|last1=Tahana|first1=Yvonne|title=Two tribes unite to form a Maori economic powerhouse|url=http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10478328|accessdate=22 November 2016|agency=New Zealand Herald |date=26 November 2007}}

As the first joint-activity of the two tribes, in February 2009, Ngāi Tahu acquired 6% of Ryman Healthcare and subsequently on-sold 4.5% to Tainui; raisings its shareholding in Ryman to 8%, and establishing Tainui as a shareholder.

In June 2014, Tainui and Ngāi Tahu as well as Pioneer Capital acquired Waikato Milking Systems NZ Limited under a limited partnership, Waikato Milking Systems LP. The partners have stated that they intend to grow the company, either naturally, or by mergers and acquisitions. The company is New Zealand's biggest manufacturer and designer of milking systems, and runs all aspects of its systems, from the stainless steel to the software that helps run the cowsheds. The company, at the time of purchase, had an annual turnover quickly approaching $100 million.{{cite news|last1=Gray|first1=Jamie|title=Dairy company looks to grow|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11273674|accessdate=30 November 2016|agency=New Zealand Herald |date=13 June 2014}} All three companies have an equal 33.30% share is the limited partnership.{{cite news|last1=Scott|first1=Todd|title=Ngāi Tahu, Tainui, Pioneer Capital buy Waikato Milking Systems for undisclosed sum|url= https://www.nbr.co.nz/article/ngai-tahu-tainui-pioneer-capital-buy-waikato-milking-systems-undisclosed-sum-dc-152585|accessdate=7 December 2016|agency=National Business Review |date=27 February 2014}}

In August 2014, Ngāi Tahu and Tainui purchased GoBus from Australian private equity-firm Next Capital. The total purchase price was $170 million. The purchase is expected to gain approval from New Zealand's Overseas Investment Office due to the company selling GoBus being Australian-owned.

Ngāi Tahu Chief Executive Officer, Mike Sang said, "Go Bus will enable us to further grow and diversify our portfolio in a way that is complementary to the rest of our investments."{{cite news|last1=Meier|first1=Cecile|title=Ngāi Tahu, Tainui team to buy bus firm|url=http://www.stuff.co.nz/business/industries/10375357/Ngai-Tahu-Tainui-team-to-buy-bus-firm|accessdate=30 November 2016|agency=Stuff |date=12 August 2014}}

In the deal, Ngāi Tahu acquired 67% and Tainui acquired a 33% stake in GoBus.{{cite news|title=Ngāi Tahu, Tainui agree to buy Go Bus from Next Capital for $170m|url=https://www.nbr.co.nz/article/ng%C4%81i-tahu-tainui-agree-buy-go-bus-next-capital-170m-ns-160698|accessdate=7 December 2016|agency=National Business Review |date=12 August 2014}}

In March 2016 GoBus won the rights to operate four South Auckland public bus routes, taking the rights from established Infratil. The contracts commenced in October 2016, and GoBus is supplying 89 buses, most of which are brand new low-emission buses built locally in New Zealand. The company said it would invest $40 million in new vehicles and equipment as well as establishing two new depot facilities, providing over 250 new driver and management jobs. GoBus also provides school bus services, special needs transport as well as some tour and charter services. GoBus has about 360 urban service buses in its fleet of over 1600 vehicles, and employ more than 1900 staff. GoBus managing director Calum Haslop said, "Entry into the Auckland market signals a new phase in our continued growth."{{cite news|last1=Boot|first1=Sophie|title=Go Bus wins South Auckland contracts formerly held by Infratil|url=https://www.nbr.co.nz/article/go-bus-wins-south-auckland-contracts-formerly-held-infratil-b-185855|accessdate=7 December 2016|agency=National Business Review |date=7 March 2016}}

In August 2016, GoBus announced that they had acquired Johnston's Coachlines for an undisclosed sum. Johnston's is a tourism-based bus company with depots in Auckland, Christchurch and Queenstown. The main purpose of the acquisition was the companies experience in the high-end tour market. It was stated that the companies will operate in a parent-subsidiary manner as Johnston's will retain its own brand and division.{{cite news|last1=Cropp|first1=Amanda|title=Go Bus adds Johnston's Coachlines to its fleet|url=http://www.stuff.co.nz/business/82813569/Go-Bus-adds-Johnstons-Coachlines-to-its-fleet|accessdate=11 December 2016|agency=Stuff |date=4 August 2016}}

{{Main|Tahu FM}}

Tahu FM is the iwi's official radio station. It began as Christchurch's Te Reo Iriraki Ki Otautahi on 6 February 1991. Between 1996 and 2001, it formed a broadcasting partnership with Mai FM and began playing more urban contemporary music.{{cite news|title=Tahu FM in joint venture with Auckland Station|volume=5|agency=Te Māori|issue=9|page=7}} It changed its name to Tahu FM in December 1997, and briefly changed its name to Mai FM in 1999 before reverting to Tahu FM.{{cite news|last1=Reedy|first1=Lisa|title=Tahu FM becomes Mai FM; Aroha mai, aroha atu – 'the things we do for love'|agency=Te Karaka: the Ngāi Tahu magazine|issue=10|publisher=AUT University|date=1999|pages=12–13}} It broadcasts in Christchurch on {{Frequency|90.5|FM}}. In 2000 it began broadcasting Kaikōura on {{Frequency|90.7|FM}}, Dunedin on {{Frequency|95.0|FM}}, Invercargill on {{Frequency|99.6|FM}}, and around the country on {{Frequency|505|Sky Digital}}.{{cite web|title=Kaitaia|url=http://www.theradiovault.net/christchurch.htm|website=Welcome to the Radio Vault|publisher=The Radio Vault|accessdate=12 June 2015|archiveurl=https://web.archive.org/web/20120122121935/http://www.theradiovault.net/christchurch.htm|archivedate=22 January 2012|location=New Zealand|date=23 July 2009}} Tahu FM resumed broadcasting five days after the 2011 Christchurch earthquake, with assistance from Te Upoko O Te Ika and other iwi radio stations, and operated as the city's Māori language civil defence station.{{cite news|title=Iwi radio stations stand together in wake of earthquake|url=http://old.hrc.co.nz/newsletters/diversity-action-programme/nga-reo-tangata/2011/03/iwi-radio-stations-stand-together-in-wake-of-earthquake/|accessdate=21 July 2015|agency=Nga Reo Tangata: Media and Diversity Network|publisher=Human Rights Commission|date=16 March 2011|url-status=dead|archiveurl=https://web.archive.org/web/20160107050702/http://old.hrc.co.nz/newsletters/diversity-action-programme/nga-reo-tangata/2011/03/iwi-radio-stations-stand-together-in-wake-of-earthquake/|archivedate=7 January 2016}} In December 2014 it was recognised as the country's highest-rating Māori radio station.{{cite web|title=Iwi Radio Coverage|url=http://www.maorimedia.co.nz/Iwi_Radio_Coverage.pdf|website=maorimedia.co.nz|publisher=Māori Media Network|accessdate=14 June 2015|date=2007}}{{cite web|url=https://www.youtube.com/watch?v=kxdrDd3D53Y |title=Tahu FM named top iwi radio station in the country |author=Peata Melbourne |publisher=Television New Zealand|accessdate=19 April 2015}}{{cite journal|last1=Reedy|first1=Lisa|title=Tahu FM becomes Mai FM; Aroha mai, aroha atu – 'the things we do for love'|journal=Te Karaka: The Ngāi Tahu Magazine|date=1999|issue=10|pages=12–13|issn=1173-6011}}

In October 2000, Ngāi Tahu invested over $9 million in acquiring six vineyards totaling roughly 69 hectares of land. In the aftermath of the acquisition, Ngāi Tahu agreed to supply Gieson Holdings grapes for their wines.{{cite news|last1=De Boni|first1=Dita|title=Ngāi Tahu buys up grape country|url= http://www.nzherald.co.nz/viticulture/news/article.cfm?c_id=356&objectid=156765 |accessdate=17 November 2016|agency=New Zealand Herald |date=24 October 2000}} This venture is called Dillons Point Properties.

In 1997, the New Zealand Government awarded Ngāi Tahu with the rights of ownership to the Pounamu stocks in the South Island of New Zealand{{cite news|last1=Booker|first1=Jarrod|title=Tribe guards greenstone but fears huge losses to thieves|url=http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10384786|accessdate=22 November 2016|agency=New Zealand Herald |date=2 June 2006}}

It was reported October 2001, that Ngāi Tahu Holdings had a 43% ownership of Whale Watch Kaikoura. It was also reported that Ngāi Tahu Holdings acquired Proseed, a large-scale tree-seed supplier in July 2001.{{cite news|last1=Scherer|first1=Karyn|title=Tourism slump hurts Ngāi Tahu profit|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=225704|accessdate=17 November 2016|agency=New Zealand Herald |date=30 October 2001}}

In August 2010, a consortium of investors offered to acquire the failed South Canterbury Finance business from the receivers, but It was rejected. The consortium, Permanent Investments Limited, revised and resubmitted it on 13 September. The original plan was declined due to receivers McGrath Nichol seeking advice from multiple advisers, including The Treasury.{{cite news|last1=Bennett|first1=Adam|title=Super Fund, Ngāi Tahu wanted SCF says Cunliffe|url=http://m.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10680358|accessdate=7 December 2016|agency=New Zealand Herald |date=1 October 2010}}

It October Ngāi Tahu Holdings was named, along with the New Zealand Superannuation Fund and others, as being part of the consortium that failed to acquire South Canterbury Finance in a $1.3 billion deal.{{cite news|last1=Watkins|first1=Tracy|title=Ngāi Tahu involved in rejected $1.3b bid|url=http://www.stuff.co.nz/business/money/4230331/Ngai-Tahu-involved-in-rejected-1-3b-bid|accessdate=7 December 2016|agency=Stuff |date=14 October 2010}}

Ngāi Tahu said its participation in the bid was an attempt to broaden its business portfolio.{{cite news|last1=Steeman|first1=Marta|title=Ngāi Tahu's strategy in bid|url=https://quakestudies.canterbury.ac.nz/store/download/part/226309|accessdate=7 December 2016|agency=Business Day|date=15 October 2010}}

On 19 September the National Business Review released an article announcing Ngāi Tahu and TrustPower, and Hawkes Bay Regional Investment Company were in talks to mutually invest in the Ruataniwha Water Storage Scheme. It was also said that Ngāi Tahu and TrustPower could pay up to 40%, or $105 million, of the $265 million projects costs, costing approximately $52.5 million each.{{cite news|title=TrustPower, Ngāi Tahu Holdings may invest $106M in Ruataniwha water scheme|url=https://www.nbr.co.nz/article/trustpower-ngai-tahu-holdings-may-invest-106m-ruataniwha-water-scheme-bd-146109|accessdate=7 December 2016|agency=National Business Review |date=19 September 2013}}

On Friday 20 September 2013, the New Zealand Herald reported that Ngāi Tahu, TrustPower, and Hawkes Bay Regional Investment Company had signed a memorandum of understanding with the intentions to mutually invest into the controversial Ruataniwha Water Storage Scheme.{{cite news|title=Power firm and Ngāi Tahu look to back water scheme|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11127279|accessdate=30 November 2016|agency=BusinessDesk|work=The New Zealand Herald|date=20 September 2013}}

Many local Māori were against the scheme going forward, and because of this, Ngāi Tahu advised the local iwi, Ngāti Kahungungu, that on their request, Ngāi Tahu will pull the plug on any future involvement with the Scheme.{{cite news|last1=O'Sullivan|first1=Patrick|title=Ngāi Tahu eyes dam scheme|url=http://www.nzherald.co.nz/hawkes-bay-today/news/article.cfm?c_id=1503462&objectid=11127524|accessdate=30 November 2016|agency=Hawke's Bay Today |work=The New Zealand Herald|date=20 September 2013}}

On 26 September 2013, it was reported in the Hawke's Bay Today that Ngāi Tahu had already invested an undisclosed amount of money into the Water Storage Scheme, which caused surprise within local iwi.{{cite news|last1=Gullery|first1=Lawrence|title=Cash input surprises iwi chair|url=http://www.nzherald.co.nz/hawkes-bay-today/news/article.cfm?c_id=1503462&objectid=11130299|accessdate=30 November 2016|agency=Hawkes Bay Today|work=The New Zealand Herald|date=26 September 2013}}

In early 2014 TrustPower pulled out of the deal. As a result of this, the deal did not meet Ngāi i Tahu's investment criteria under the pre-signed memorandum. Due to this, Ngāi Tahu pulled out of the Scheme in May 2014.{{cite news|last1=Hendery|first1=Simon|title=Ruataniwha Dam: War of words as iwi pulls out|url=http://www.nzherald.co.nz/hawkes-bay-today/news/article.cfm?c_id=1503462&objectid=11258117|accessdate=30 November 2016|agency=New Zealand Herald |date=20 May 2014}}

In November 2011, Ngāi Tahu publicly expressed an interest in establishing an alliance of iwi to acquire up to 20% of each power company floated by the Government, including, but not limited to, Mighty River Power and Genesis Energy.{{cite news|last1=McCambridge|first1=Robert|title=Iwi eye 20% share in power company float|url=https://www.nbr.co.nz/article/iwi-eye-20-share-power-company-float-rm-105228|accessdate=7 December 2016|agency=National Business Review |date=28 November 2011}}

In December 2013, Ngāi Tahu Tourism announced plans to lease 0.75ha of council-owned land to construct Queenstown Hot Pools, a $25 million hot pool complex of 12 large, and 6 small pools as well as a host of other amenities.{{cite news|last1=Ibbotson|first1=Lucy|title=$25m hot pool plan for Queenstown resort|url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11173742|accessdate=30 November 2016|agency=Otago Daily Times |work=The New Zealand Herald|date=17 December 2013}}

Any award that has been indirectly and/or directly awarded to a direct subsidiary of Ngāi Tahu Holdings shall be listed below.

{{Reflist}}

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{{DEFAULTSORT:Ngāi Tahu Holdings}}

Category:Holding companies of New Zealand

Category:1992 establishments in New Zealand

Category:Māori organisations

Category:New Zealand companies established in 1992

Category:Companies based in Christchurch