China's Agria wins control of Wrightson
- TVNZ
- 15 April 2011
Agria has lifted its stake in PGG Wrightson to 50.5%, putting control of New Zealand's biggest rural services company in Chinese hands.
Agria has lifted its stake in PGG Wrightson to 50.5%, putting control of New Zealand's biggest rural services company in Chinese hands.
Pengxin International of Shanghai, which already has farmland holdings in Argentina, Bolivia, Brazil and Cambodia, has offered to buy the 16 North Island Crafar farm properties in New Zealand
China's Little Sheep Group says it plans to build a sheep farm in New Zealand in order to increase the supply of lamb for its hot pot restaurant chain business.
The New Zealand Superannuation Fund's purchase of a New Zealand farm is just the first of a $500 million plan which will see it invest in local and international rural land.
German investors have splashed out more than $100 million in a month buying thousands of hectares of dairying land in the South Island.
German investors have bought 11 dairy farms covering more than 3,600 hectares in New Zealand's South Island
Shanghai Pengxin Group, a Chinese property developer and owner of agriculture and mining ventures, is seeking to buy 16 dairy farms in New Zealand after the government rejected an earlier bid by another Chinese company.
NZ Finance Minister says new test of more than 10 times the average farm size for foreigners buying land is not a cap.
Chinese agribusiness companies Agria and New Hope Group launched a joint bid to take Agria's stake in New Zealand's PGGW to a controlling 50.01%, but Agria CEO Xie Tao said the move was not motivated to secure resources such as food.
The New Zealand Minister for Building and Construction and the Minister of Finance rejected Natural Dairy Holdings’ application to acquire Crafar Farms, the largest private family farm in New Zealand
La Nouvelle-Zélande a bloqué, mercredi, un projet controversé de rachat de grandes exploitations laitières, aujourd'hui en faillite, par un groupe coté à Hong Kong, territoire appartenant à la Chine.
New Zealand’s overseas investment regime will be on the US’ hit list during the Trans Pacific Partnership talks this week.