6th October 2021 Ngāi Tahu
Ngāi Tahu and the government have signed the Southland Regional Aquaculture Agreement.
Seafood has “sprung back with a vengeance” helping the iwi’s operating performance, says company chair Mark Tume.
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.
Sanford’s share price jumped almost 25% yesterday as investors reacted to the news that Ngāi Tahu Investments was increasing its stake in New Zealand’s largest seafood company.
The iwi investor is trying to buy a chunk of the seafood company, although it says it has “no current intention” to launch a takeover.