35665 (2026). Francisco Hernandez to the Minister of Climate Change

Written Question

Published date: 19 Aug 2026

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	35665 (2026)
Question asked:	09 Aug 2026
Member asking:	Francisco Hernandez
Portfolio:	Minister of Climate Change
Minister replying:	Hon Simon Watts
Answer received:	16 Aug 2026
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_35665_2026
Document guid:	c4eacb01-84d6-4f86-8859-7b3d04bca678

35665 (2026). Francisco Hernandez to the Minister of Climate Change: Why did New Zealand Green Investment Finance divest from Kayasand?

Hon Simon Watts: 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 partially divested its investment into KAYASAND HOLDINGS LIMITED and now holds a 13.7% shareholding in KAYASAND HOLDINGS LIMITED.