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20 Feb 2020 10:57
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  •   Home > News > Law and Order

    The country's second biggest dairy co-op will be handed over to its Chinese buyers next month

    The country's second biggest dairy co-op will be handed over to its Chinese buyers next month


    The High Court takeovers panel has approved the sale of Westland Dairy to the Inner Mongolia Yili Company - for 588-million-dollars.

    Westland chair Peter Morrison says the court's approval was the last key condition for the sale to go ahead - after the Overseas Investment Office gave them the all clear on Tuesday.

    He says all shareholders will receive their money on August 1 - and Yili can officially take up the reins.

    © 2020 Newstalk ZB, NZCity


     Other Law and Order News
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     20 Feb: The vehicle fire in Brisbane has claimed a fifth life
     20 Feb: The Police Minister's gone head to head with ACT's David Seymour during a debate on gun law reform
     19 Feb: Authorities are appealing for information following three unrelated incidents in Wairoa yesterday
     19 Feb: Police are still searching for a dangerous Waikato Mongrel Mob member, Questo King
     19 Feb: Former National MP Jamie Lee Ross was one of the four defendants facing Serious Fraud Office charges in the Auckland District Court last week
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