Solid Energy names Southern Packers group as preferred agri-business bidder

Thu, 04 Oct 2012

By Hannah Lynch Oct 4 (BusinessDesk) - Solid Energy, the state-owned coal company, has named a group led by onion and potato exporters Southern Packers as the preferred bidder for the agribusiness division of its Biodiesel New Zealand unit. Solid Energy announced in August it was selling the business. If the sale is successful Southern Packers will take over in November. The bidding group includes Midlands Seed, Biodiesel New Zealand's current agri-business manager. "The consortium’s bid is a going concern offer and their intention is to t...

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