OIO considers $105.5 mln buyout of Harvard dairy farms

Mon, 18 Dec 2017

By Sophie Boot Dec. 18 (BusinessDesk) - The Overseas Investment Office is considering the sale of Harvard University's 5,500-head dairy farms in the South Island to a Singapore-based investor. Accounts for the dairy farms filed with New Zealand's Companies Office show that it entered into an agreement to sell its business assets to WHL Otago Operations on May 31, and the sale was now pending OIO approval but the settlement was expected by June 2018. The accounts show that the expected realisation value of all the company's assets, after t...

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