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T&G’s management clearout wrangle hits court

An application for a judicial review of the Overseas Investment Office’s approval of a majority foreign takeover of listed fruit marketer Turners & Growers will be heard in the Welington HIgh Court court today.

BayWa Aktiengesellschaft bought 73.1% of T&G [NZX: TUR] two years ago, in a takeover, approved by the OIO, which cost the German agricultural giant more than $160 million.

 

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