German interests buy into New Zealand dairy farms
- M&C
- 31 January 2011
German investors have bought 11 dairy farms covering more than 3,600 hectares in New Zealand's 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.
New Zealand's need for overseas capital does not mean giving away control or ownership of farms, says Fonterra chairman.
New Zealand’s main opposition Labour Party will tighten restrictions on overseas purchases of the country’s assets if it is elected to government next year.
Preocupado por eventuales compras de suelos agrícolas por parte de empresas estatales foráneas, el Gobierno de Nueva Zelanda anunció que tomará medidas para evaluar mejor los proyectos de inversión que se presenten en el país
Cash-rich Chinese and Japanese food companies are thought to be the only potential buyers with enough money to risk sinking into New Zealand's biggest pipfruit business, Mr Apple, to be put on the market by South Canterbury Finance receivers.
The approved sale of a large Otago dairy farm to Harvard University in the United States is not in New Zealand's long-term interests and shows a lack of clear and strong rules on foreign ownership of NZ land, says Labour.
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