In 1988 Fletcher Challenge announced a moratorium on logging the Stein.

Owned until 2001 by Fletcher Challenge, it is now owned by Catalyst Paper.

The company was split from Fletcher Challenge in 2001, formerly New Zealand's largest business and multinational.

Three years later he sold it to Fletcher Challenge for £299 million - an eightfold increase.

This joint bid failed, but was soon followed by another unsuccessful $1.9 billion bid by Fletcher Challenge in 1985.

The deal is part of a broader effort to dismantle Fletcher Challenge, one of New Zealand's largest companies.

The centre was redeveloped in 1986 and 1992, by then owners National Mutual and Fletcher Challenge.

Fletcher Challenge, which is based in New Zealand and has interests in forest products, energy and construction, owns 37.5 percent of the consortium.

The Fletcher Challenge: Wealth and Power in New Zealand (1980).

Fletcher Challenge, a New Zealand energy company, owns 50 percent of the Maui field.