Clearance for the sale of PGG Wrightson's seed and grain business has approval from two of three regulatory bodies. PHOTO: GETTY IMAGESCommerce Commission approval has been given for the sale of PGG Wrightson's seed and grain business to Denmark-based DLF Seeds. The Australian Competition and Consumer Commission also gave clearance this week for the sale, which was first mooted last August. PGW deputy chairman Trevor Burt expected those conditions would be confirmed "in due course". Last year, New Zealand Shareholders Association chief executive Michael Midgley criticised the sale, saying it would leave PGW "a shadow of its former self".

Source: Otago Daily Times February 14, 2019 15:33 UTC