3rd September 2021 By Staff Reporter | firstname.lastname@example.org | @foodtickernz
Ngāi Tahu Investment now holds a 19.9% stake in seafood company Sanford, making it the largest single shareholder in what is New Zealand’s largest seafood company.
It paid $37.5m for more than 6.8 million shares ton 1 September, on top of the just under 5% stake it already held, took it to 19.9% – just under the 20% takeover offer limit.
Ngāi Tahu Investment is the investment vehicle for the iwi investor which has a diversified portfolio of direct and indirect interests including seafood, honey and tourism.
27 Sep 2021 $2.5m snapper revenue boost for Sanford
7 Sep 2021 Food investments on the menu at Ngāi Tahu
2 Sep 2021 Sanford shares jump as Ngāi Tahu takes 12%