ComCom approves Sealord creating NZ's biggest seafood business

The deal has been estimated at $500 million (Image: Sealord)

Mon, 13 Nov 2023

The Commerce Commission has approved Sealord taking over the fishing business of Independent Fisheries saying the deal is unlikely to constrain competition.When the deal was announced Sealord described it as “the largest financial transaction in the seafood sector” since the Sealord deal in 1992, which was part of the Māori Treaty Settlement.The confidential agreement was estimated to cost Sealord about $500 million to create New Zealand’s largest seafood business.The regulator said it had considered the potential impact of th...

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