Least surprising decision
Adam Bennett reports in the Herald:
The Government has turned down Hong Kong listed Natural Dairy NZ’s controversial bid to buy the Crafar dairy farms.
Land Information Minister Maurice Williamson and Conservation Minister Kate Wilkinson said they had declined Natural Dairy’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 Ministers said.
Not exactly a surprise. It will be interesting to see what the receivers now do.