OIO green light for Synlait purchase
Synlait’s $112 million bid for South Canterbury dairy processor Dairyworks has been given the green light by the Overseas Investment Office.
The purchaser of Crafar Farms has been given another extension to go unconditional on the sale.
Shanghai Pengxin Group, which received OIO approval last week, now has until Tuesday to finalise the deal with receivers KordaMentha. The receivers had set an initial deadline of January 31 and had then extended it by two days to February 2.
In a statement KordaMentha says the further extension is necessary as Shanghai Pengxin to "continues to finalise its OIO consent conditions."
A local consortium which made an unsuccessful bid for Crafar Farms is challenging in court the Government's decision to approve a Chinese buyer.
The Crafar Farms Purchase Group says the sale of Crafar Farms to Shanghai Pengxin "is wrong in law".
The court action filed last Tuesday is being heard today in the High Court at Wellington.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
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