Sharechat Logo

Foreigner bids for Richmond

Friday 1st June 2001

Text too small?
By Chris Hutching

Dunedin meat company PPCS yesterday warned shareholders of its North Island takeover target, Richmond, the entry of UK-based Bernard Matthews Ltd into the bidding war raises issues of foreign ownership of the meat industry.

The new bid is via North Meats which posted a restricted transfer notice that it intends to buy 24 million shares or 60% of the company.

Richmond said the bid was unexpected but acknowledged it had had a long relationship with another Bernard Matthews subsidiary, Advanced Foods Ltd.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Spark announces Director changes as part of Board renewal
July 28th Morning Report
KMD Brands announces new Group Chief Financial Officer
Commerce Commission to issue SOI re Viridian application
FBU - Moody's affirms FBU Baa3/stable rating
Contact Energy FY25 Financial Results Presentation
NZX Chief Executive Mark Peterson to depart in April 2026
BRW - Expansion of Napier Production in Post-Cyclone Rebuild
July 24th Morning Report
Air New Zealand 2025 Annual Results Webcast Details