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Pengxin farms post operating loss due to North Island drought
By Paul McBeth Nov. 29 (BusinessDesk) - The former Crafar family farms controversially bought by China’s Shanghai Pengxin last year reported an operating loss in their first year of new ownership due to the widespread drought last summer. Pengxin New Zealand Farm Management r...
Italy’s Barilla pasta family pays $25 million for Leferink dairy farm
By Tina Morrison Nov. 29 (BusinessDesk) – Italy’s Barilla family, founders of the world’s largest pasta company, have paid $25 million to buy a South Island dairy farm from Federated Farmers dairy chairman Willy Leferink and his wife Jeanet. New Zealand’s Overseas Investment O...
BNZ sets aside $50M to help iwi get their Treaty settlement funds
Nov. 29 (BusinessDesk) – The Bank of New Zealand is angling for a bigger slice of burgeoning Maori economic activity, establishing a $50 million fund to bridge financial gaps that can delay the payment of Treaty of Waitangi settlement funds to claimants. Around $1.5 billion in...
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