Sanford to sell ‘underperforming’ inshore fishing business
Moana NZ will buy Sanford’s North Island catch entitlements, two vessels and a marine farm.
Sanford is closing its Auckland fish processing plant as part of the ACE sale.
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Fishing company Sanford has announced the conditional sale of North Island annual catch entitlement (ACE) for at least 10 years to iwi-owned rival Moana New Zealand.
The sale will net Sanford $11 million to $13m a year for five years, with the fee increasing at 1.5% a year thereafter.
Sanford said it
Want to read more? It's easy.
Choose your subscription
Already have an account? Login
Smartphone Only Subscription
NZ$29.95 / monthly
Subscribe Now
Monthly Premium Online Subscription
NZ$49.95 / monthly
Subscribe Now
Smartphone Only Annual Subscription
NZ$299.00 / yearly
Subscribe Now
Yearly Premium Online Subscription
NZ$499.00 / yearly
Subscribe Now
Premium Group Membership 10 Users
NZ$385+GST / monthly
$38.5 per user - Pay by monthly
credit card debit
Subscribe Now
Premium Group Membership 20 Users
NZ$660+GST / monthly
$33 per user - Pay by monthly
credit card debit
Subscribe Now
Premium Group Membership 50 Users
NZ$1375+GST / monthly
$27.5 per user - Pay by monthly
credit card debit
Subscribe Now
Premium Group Membership 100 Users
NZ$2100+GST / monthly
$21 per user - Pay by monthly
credit card debit
Subscribe Now
Yearly Premium Online Subscription + NBR Marketplace
NZ$999.00 / yearly
Subscribe Now
Individual
Group membership
NBR Marketplace
Student
Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
