Dominion Salt Limited at Mount Maunganui. Photo/NZH
A Hong Kong company has been given consent to purchase a 50 per cent stake in Dominion Salt Limited for $36.9 million.
The company, Mineola Global Limited, plans to purchase the stake from Japanese-owned Cerebos Gregg's Limited according to the Overseas Investment Office decision released today.
The remaining 50 per
cent of Dominion Salt is already owned by Mineola's parent company.
The latest investment will result in parent company CK Life Sciences indirectly owning 100 per cent of Dominion Salt Limited.
Dominion Salt owns a large solar salt field and refinery located on about 1630 hectares of land at Lake Grassmere in Marlborough, as well as a refinery on four hectares of land at Mount Maunganui.
