The country's second biggest dairy co-op will be handed over to its Chinese buyers next month
The country's second biggest dairy co-op will be handed over to its Chinese buyers next month
18 July 2019
The High Court takeovers panel has approved the sale of Westland Dairy to the Inner Mongolia Yili Company - for 588-million-dollars.
Westland chair Peter Morrison says the court's approval was the last key condition for the sale to go ahead - after the Overseas Investment Office gave them the all clear on Tuesday.
He says all shareholders will receive their money on August 1 - and Yili can officially take up the reins.
© 2024 Newstalk ZB, NZCity
