Canadian pension fund got clearance to buy dairy farm last month as Shanghai Pengxin turned down

Jonathan Underhill
Fri, 30 Oct 2015

By Jonathan Underhill Oct. 30 (BusinessDesk) - Canada's Public Sector Pension Investment Board, whose New Zealand assets including 30 percent of the nation's biggest plantation forest, got approval to add to its dairy farm portfolio in September, the same month that the government shot down Shanghai Pengxin's $88 million purchase of Lochinver Station. Emerald Dairy Farm, which is indirectly owned by the Canadian pension fund known as PSP Investments, was granted consent to buy a 280 hectare dairy farm near Oxford in North Canterbury by th...

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