The Commerce Commission has received a clearance 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 Limited would lease its North Island inshore fishing quota (specifically its annual catch entitlement) to Moana under a long-term arrangement.
Moana is a commercial fishing company with several different fishing operations, including inshore fishing and oyster and paua harvesting. In addition, Moana has a 50 percent shareholding in Sealord Limited, which is also a commercial fishing company.
Sanford Limited is also a commercial fishing company with several different fishing operations, including inshore, deepwater fishing, and mussel and salmon farming businesses. More information regarding the acquisition application will be released through the Commerce Commission shortly.
