Simpson Grierson advise Shanghai Maling on Silver Fern Farms

MEDIA RELEASE

Simpson Grierson advises Shanghai Maling on purchase of a 50% interest in Silver Fern Farms

Simpson Grierson has advised China's Shanghai Maling Aquarius Co. Ltd, on the purchase of a 50% interest in Silver Fern Farms for an investment of around $260m.

Partner James Hawes says this is one of the most high profile deals in New Zealand in recent years.

"It is hoped that the tie up will provide a platform for Silver Fern to expand its export business in China, and bring business to New Zealand."

Silver Fern Farms is New Zealand's largest processor, marketer and exporter of lamb, beef, venison and associated products, selling to more than 60 countries.

Shanghai Maling is a related company of Bright Food, China's largest food company.

Simpson Grierson's team was led by partners Peter Hinton and James Hawes, and included Jaron McVicar and Matt Smith.

© Scoop Media