The Commerce Commission has published a statement of preliminary issues relating to an application from Aotearoa Fisheries Limited (trading as Moana New Zealand) seeking clearance to acquire Sanford Limited’s North Island inshore fishing business. Under the proposed acquisition, Sanford would lease its North Island inshore fishing quota (specifically its annual catch entitlement) to Moana under a long term arrangement.
The statement outlines the key competition issues that the Commission considers important in deciding whether or not to grant clearance to the proposed acquisition.
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