Prospective buyer of Harvard's NZ dairy farms yet to lodge OIO application

Wed, 07 Jun 2017

By Paul McBeth June 7 (BusinessDesk) - The Overseas Investment Office hasn't yet received an application from the reported buyer of Harvard University's 5,500-head dairy farms in the South Island. US private equity firm KKR & Co was reported by Bloomberg as being close to making a US$70 million purchase of 8,500 acres of dairy farmland pending regulatory approval as part of a scaling back of the Ivy League university endowment fund's exposure to natural resources. The deal's been reported as likely to take months to complete, and OIO app...

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