ComCom clears Sanford Moana deal
Transaction builds iwi-owned Moana to largest inshore fishing company in New Zealand.
Sanford has agreed to lease its North Island inshore annual catch entitlement to Moana NZ for at least 10 years.
The Commerce Commission has cleared fishing company Sanford to sell its inshore fishing business to competitor Moana New Zealand.
The transaction involves the sale of Sanford’s annual catch entitlement (ACE) for North Island inshore species quota for at least 10 years, along with two vessels,
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