Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Commission And Sanford In Talks

Commission And Sanford In Talks

The chairman of the Treaty of Waitangi Fisheries Commission, Shane Jones, confirmed today that the Commission has been in discussions with publicly listed seafood company Sanford Limited.

Sanford today also issued a continuous disclosure notice to the New Zealand Stock Exchange (NZSE) advising that it is in preliminary stages of discussions with the Commission on possible industry rationalization opportunities.

One of the options being explored is a possible merger of Sealord Group Limited and Pacific Marine Farms Limited with Sanford Limited, with Sanford shares being issued in exchange for ownership of the businesses based on relative valuations of the various enterprises.

“We are positive about industry rationalisation opportunities. We have been actively scoping our options for some time and will continue to do so into the future to get the best returns for our Maori shareholders,” Mr Jones said.

There is nothing to announce at this stage beyond the fact that we are talking with each other, while looking at various options for the future benefit of the Commission’s companies and our shareholders, he said.

Sealord Group is 50% owned by Te Ohu Kai Moana (Treaty of Waitangi Fisheries Commission), and 50% by Japanese seafood company Nippon Suisan Kaisha, Limited (Nissui); Pacific Marine Farms Limited is 100% owned by Te Ohu Kai Moana; Sanford is New Zealand’s only publicly listed fishing company and has a history stretching back almost 120 years.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>

 

Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>

ALSO:

Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election