Meat companies set new date for Waitotara lamb plant

Richmond and Canterbury Meat Packers yesterday agreed to extend the due diligence period in relation to the Waitotara lamb plant until January 30.

Due diligence was initially scheduled to be completed on Saturday.

Richmond and CMP signed a memorandum of understanding for the sale of the Waitotara lamb processing plant on November 28.

The sale depends on CMP completing due diligence and obtaining approval from the Overseas Investment Commission and Commerce Commission by February 20.

- NZPA