Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Resolution Of Sealord Deal Welcome

Seafood Industry Welcomes Resolution Of Sealord Deal

The New Zealand Seafood Industry Council (SeaFIC) has welcomed the resolution of the Sealord deal.

The Treaty of Waitangi Fisheries Commission and Nippon Suisan Kaisha Limited (Nissui) successfully made a joint bid for BIL’s 50 percent shareholding in New Zealand Seafood company Sealord.

As a result Sealord is to be restructured. The commission is to own all of Sealord’s fishing quota, which equates to 23 percent of all New Zealand quota by volume, while the Sealord operating company will be 50 percent owned by the commission and 50 percent owned by Nissui.

SeaFIC Chairman Dave Sharp said he was pleased the matter had finally been resolved.

“It will allow Sealord to move forward under an ownership structure that has already indicated an intention for Sealord to increase the positive contribution it currently makes to New Zealand’s seafood industry, ” Mr Sharp said.

© Scoop Media

Business Headlines | Sci-Tech Headlines


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>


Crown Accounts: Govt Books In Line With Forecasts

The Government’s financial statements for the four months to 31 October indicate the books are tracking along with Treasury’s Budget forecasts, Finance Minister Grant Robertson says. More>>


Expert Reaction: Ross Sea Region Marine Protected Area In Force

Sweeping new protections for Antarctica's Ross Sea will come into effect on Friday 1 December. After five years of debate, the marine protected area (MPA) was agreed in 2016 after a joint proposal by New Zealand and the United States... More>>