ComCom approves Sealord creating NZ's biggest seafood business

ComCom approves Sealord creating NZ's biggest seafood business
The deal has been estimated at $500 million (Image: Sealord)
Staff reporters
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...

More Law & Regulation

Critical gas contract dispute settled confidentially
Law & Regulation

Critical gas contract dispute settled confidentially

The case cast the first major light on what gas shortages meant.

Wikeley loses again in Owen Glenn stoush
Law & Regulation

Wikeley loses again in Owen Glenn stoush

Supreme Court says fraud findings can’t be relitigated.

Victoria Young 04 Jul 2025
The business born battling Vector connection contracts
Property

The business born battling Vector connection contracts

'Pretty on the nose': Developers challenge Vector's hefty fees.

Garth Bray 04 Jul 2025