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Thursday 21 October 2021

Ngāi Tahu’s Sanford stake tops 19% after $38m buy-up

3rd September 2021 By Staff Reporter | news@foodticker.co.nz | @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.

 

 


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