Shareholders of New Zealand's biggest egg producer Mainland Poultry, have reached an agreement to sell to Private Equity firm Navis Capital.
While the deal remains subject to Overseas Investment Office (OIO) approval, it is a significant transaction for the countries agricultural and FMCG industry.
Under the agreement founding shareholders of Mainland Poultry will keep a significant shareholding in the business and senior managers will be retained.
The deal was brokered by Mainland's corporate law team at Minter Ellison Rudd Watts.
A car hit speeds of "at least" 160kmh as it weaved among traffic on a Dunedin motorway yesterday with police in pursuit.
The incident ended on the Southern Motorway, near the Green Island off-ramp, in three men being arrested, as motorists passed in the neighbouring lane.
A French tourist is recovering in Dunedin Public Hospital following a shark attack in the Catlins yesterday.
She was flown to Dunedin in the rescue helicopter in the afternoon. One of the first on the scene was Catlins Surf owner-operator Nick Smart.
A young French woman has been flown to Dunedin Hospital after being attacked by a shark in the Catlins this afternoon.
Catlins Surf owner-operator Nick Smart said the woman was body-boarding when she received a moderate-sized bite from a shark about 2.10pm.
The Ministry for the Environment has just released a report in to the state of New Zealand's fresh water.
The "Our fresh water 2017 report" identifies more needs to be done to reduce phosphorus, nitrogen and E.coli entering the waterway, in both rural and urban settings.
A meeting was held at the University of Otago last night around the air climate change mitigation report.
The report was commissioned by GLOBE NZ, with 35 MPs from across the political spectrum taking part. The report looks at New Zealand's transition to a low-carbon economy.
The Otago Festival of the Arts Trust was the largest benefactor from the recent Otago Community Trust donation round.
They secured a $185,000 donation to the assist with the cost of the biennial Arts Festival Dunedin.
The Festival of the Arts Trust says the funding will support the delivery of the tenth biennial Arts Festival which will be held in September 2018.
The support arm of IHC, IDEA, was on strike today nationwide.
Up to 3000 members and those who regularly cover shifts were all on strike for one hour this morning. A meeting was held last night at Caversham Baptist church in Dunedin to discuss proposed changes by IDEA Services.
Three people are in custody following a fleeing driver incident on the Southern Motorway in Dunedin this afternoon.
Just after 3pm police identified a person of interest travelling in a car on the Southern Motorway.
When the vehicle was signalled to stop it sped off and police followed.
A short time later the fleeing vehicle slowed down due to mechanical issues and was then stopped by police near the Green Island off-ramp.