Silver Fern Farms gets green light for Shanghai Maling deal

Tue, 20 Sep 2016

By Paul McBeth Sept. 20 (BusinessDesk) - The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". Land Information Minister Louise Upston and Associate Finance Minister Paula Bennett today approved the long-delayed deal on the recommendation of the Overseas Investment Office, they said in a statement. The ministers received the recommendation earlier this month and...

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