Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.Launch Radio player
UPDATED: The overseas investment office has released a statement denying the following story.
State-owned Landcorp is reportedly back in the running to buy the Crafar family farms in the central and lower North Island.
Media reports today suggest the Overseas Investment Office had rejected or suggested significant constraints on a bid for the 20 Crafar farms from Hong Kong-based Natural Dairy.
Chris Kelly, chief executive of Landcorp -- whose bid for the Crafar properties was rejected by receivership firm KordaMentha after tenders closed in July -- declined to comment.
Natural Dairy spokesman Bill Ralston said he understood the company would be making an announcement within 48 hours.
A final decision on the Natural Dairy application will be made by the Government.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Lockheed Martin invests in Auckland's Rocket Labs
- MARKET CLOSE: NZX50 rises to record; MRP, Meridian, Genesis climb
- MasterCard, Visa pressure sees PayPal stop servicing payments for Mega
- While you were sleeping: Records fall on Wall Street
- Editor's Insight: Solid Energy's lessons in putting taxpayers at risk