| Decision | Consent granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 26 February 2025 |
| Pathway | Sensitive land - Farm land benefit test |
| Investment | Acquisition of 100% of the shares in SunPork Pty Limited, which holds an interest in approximately 393 hectares of sensitive land at
|
| New Zealand asset value | Withheld under s9(2)(b)(ii) of the Official Information Act |
| Applicant | SP Farming Pty Ltd |
| Vendors | Campastco Pty Limited as trustee for Campastco Trurst, Doug Hall Poultry Pty Ltd as trustee for D A Hall Family Trust and Alpair Pty Limited |
| Background | SP Farming Limited is a pork producer that is ultimately owned by the Cameron family. The Cameron family has owned 33% of the shares of SunPork Pty Limited for at least 30 years and has received consent to buy out the two existing shareholders, as part of a wider Australian transaction. The New Zealand assets, owned by PIC New Zealand Limited, a SunPork subsidiary, account for 21% of the value of the transaction. The main benefits to New Zealand are likely to include the continued operation of PIC New Zealand. Since 2007, SunPork has supported PIC New Zealand to become New Zealand’s largest pig genetics service provider and second largest pork producer. It will also improve New Zealand’s international reputation in allowing transactions involving existing shareholders to increase their interests. Consent was granted as the Applicant has met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Christina Lefever |