New Plymouth City Council in stoush with jilted Tasmanian farms buyer

Sun, 22 Nov 2015

By Paul McBeth Nov. 23 (BusinessDesk) - The New Plymouth District Council has bought a fight with ASX-listed TasFoods after cancelling the sale of Australia's largest dairy supplier, which the district council owns, in favour of a foreign buyer that emerged after a sale to TasFoods had been announced. TasFoods shares more than halved after the company obtained an interim injunction from the Supreme Court of Victoria blocking New Plymouth District Council's investment arm from selling the Tasmanian-based Van Diemens Land farms to the unnam...

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