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Former Westland farmers seek halt to sale

Former shareholders debt will not be paid until 2023 under sale agreement.

Six former farmer shareholders of Westland Milk Products are appealing to the Overseas Investment Office (OIO) to halt the $245 million sale of the cooperative to Chinese dairy giant Yili Group. The former shareholders are concerned they will have to wait up to five years to be paid what they are

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Sanjay Prakash Tue, 02 Jul 2019
Contact the Writer: Sanjay@nbr.co.nz
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Former Westland farmers seek halt to sale
General Business,
79935
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