The Overseas Investment Office has approved the sale of the New Zealand waste management arm of Transpacific Industries to Beijing Capital Group. Chinese state-owned Beijing Capital spent $950 million on the New Zealand business, buying it from the Queensland-based company in March. At the time of the announcement it said the current management team would remain and operations would continue as normal. …

Leaders in the agri-business sector fear the loss of the traditional political consensus favouring free trade agreements if there’s a change of government, but are equally fearful that a Labour-Greens coalition will see heavier regulation against environmental harm and will start charging farmers to use water and other “natural capital”, says the annual KPMG Agri-Business Agenda publication. While enthusiastic about Labour’s research and development tax …

Fonterra Cooperative Group has tapped Robert Spurway to head up its global operations division in a newly created role as New Zealand’s dominant dairy exporter chases global ingredient sales to offset volatility in dairy prices. Spurway is currently with the company as acting director of New Zealand operations in NZ milk products and has previously worked across the Tasman for …