Post by Kiwi Frontline on Sept 14, 2023 5:41:30 GMT 12
COMMERCE COMMISSION CLEARS MOANA TO BUY SANFORD'S NORTH ISLAND INSHORE FISHING BUSINESS
Iwi-owned fishing company Moana New Zealand has been cleared to buy the North Island inshore catch rights from rival Sanford, making it the largest inshore fisheries company in Aotearoa.
The Commerce Commission has approved the deal that will see Moana lease the catch entitlement from Sanford for at least 10 years. Sanford would retain ownership of the quota.
Inshore fisheries are those out to 12 nautical miles from the New Zealand coast....
www.stuff.co.nz/business/farming/aquaculture/132930969/commerce-commission-clears-moana-to-buy-sanfords-north-island-inshore-fishing-business
Iwi-owned fishing company Moana New Zealand has been cleared to buy the North Island inshore catch rights from rival Sanford, making it the largest inshore fisheries company in Aotearoa.
The Commerce Commission has approved the deal that will see Moana lease the catch entitlement from Sanford for at least 10 years. Sanford would retain ownership of the quota.
Inshore fisheries are those out to 12 nautical miles from the New Zealand coast....
www.stuff.co.nz/business/farming/aquaculture/132930969/commerce-commission-clears-moana-to-buy-sanfords-north-island-inshore-fishing-business