Least surprising decision

Adam Bennett reports in the Herald:

The Government has turned down Hong Kong listed Natural NZ's controversial bid to buy the Crafar dairy farms.

Land Information and Conservation Minister Kate Wilkinson said they had declined 's Overseas Investment Office application to buy the 16 farms from receivers in a deal thought to be worth about $200 million. …

“We concur with the Overseas Investment Office's recommendation that consent should be declined,” the said.

Not exactly a surprise. It will be interesting to see what the receivers now do.

Comments (8)

Login to comment or vote

Add a Comment