Allan Crafar's baby-step towards farms buyback

Crafar Farms' former owner has registered a new company in what is thought to be a bid to buy them back.

Companies Office records show New Zealand Dairy Foods Ltd was incorporated today, with Allan Crafar and members of his family as directors and shareholders.

Mr Crafar could not be reached for comment today.

Chartered accountant Stuart Robertson, whose Phoenix Investment Trustee Company has a half-share in the new company, told NBR ONLINE: "I think it would be inappropriate for me to comment at this time."

 

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