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Industry News & Trends / Business & Markets / Mergers & Acquisitions / Poultry Processing & Slaughter / Oceania
on September 26, 2018

Bounty’s offer to acquire Tegel Foods approved

The Overseas Investment Office gives unconditional approval to takeover offer

Bounty Holdings New Zealand’s offer to buy New Zealand poultry company Tegel Foods has been approved by the Overseas Investment Office (OIO).

The OIO approved the offer unconditionally under the Overseas Investment Act, according to a statement from Tegel Foods.

A wholly owned subsidiary of Philippines-based Bounty Fresh Foods…

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