Yili’s Westland takeover gets OIO approval

Yili’s Westland takeover gets OIO approval
Victoria Young
By Victoria Young July 16 (BusinessDesk) - The Overseas Investment Office has approved Inner Mongolia Yili Industrial Group’s purchase of Westland Co-operative Dairy Group, after finding Yili has the relevant business experience and has shown financial commitment. The $588 million deal to sell the co-operative for $3.41 a share is now closer to completion having received shareholder approval earlier this month. The transaction now needs High Court approval, which is expected this week.  The OIO said in a statement that Yili - which alr...

More Primary Sector

The simple strategy behind Dairyworks
Primary Sector

The simple strategy behind Dairyworks

Is New Zealand still fixated on the 1kg block of cheese?

Mineral sands miner appoints new chair for expansion era
Primary Sector

Mineral sands miner appoints new chair for expansion era

Debbie Birch joins the group as it seeks consent for a major new mine near Hokitika.

Oliver Lewis 01 Apr 2025
Who is Mainland Group's chair-elect Liz Coutts
Primary Sector

Who is Mainland Group's chair-elect Liz Coutts

From CEO at 31 to one of NZ's most sought-after directors.

Brighter times ahead for Silver Fern Farms
Primary Sector

Brighter times ahead for Silver Fern Farms

 It's Dan Boulton’s No 1 priority to get SFF back in the black.

Riley Kennedy 01 Apr 2025