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Trust takes slice of Hubbard’s

HUBBARD FOODS has a new shareholder - the Rotorua Energy Charitable   Trust. It is said to have taken a 35.6% stake because the Trust feels itstands   out as a local business the matches the Trust’s ethics, and provides a satisfactory  commercial return.

Dick Hubbard says the investment will help the company achieve ambitious long-term growth goals.

The Trust was created out of the corporatisation of the Rotorua Electricity  Company.

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