Swedish investors cleared to buy Carter Holt dairy farms

Thu, 31 Jan 2013

By Paul McBeth Jan. 31 (BusinessDesk) - An unnamed Swedish institution has been cleared to buy eight Waikato dairy farms from local billionaire Graeme Hart's Carter Holt Harvey by the Overseas Investment Office. Southern Pastures Limited Partnership was given a green light to buy 3,205 hectares of land in December for an undisclosed sum, according to a decision summary published today. The farms have been for sale since 2010, when Carter Holt put 29 farms of converted forestry land up for sale, asking $224.5 million. The entity is 99 percen...

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