The firm guided new investments made by incoming shareholders like ANZ BNZ
MinterEllisonRuddWatts has assisted AgriZeroNZ with a joint venture focused on sustainable agriculture.
The public-private partnership is under the joint ownership of the government and major agribusiness entities. According to MinterEllisonRuddWatts, AgriZeroNZ aims to “secure the future profitability and competitiveness of New Zealand’s agricultural exports and maintain market access by leading the way in sustainable pasture-based farming”.
The a2 Milk Company, ANZ Bank New Zealand and ASB Bank recently came in as new shareholders, joining existing participants such as ANZCO, Fonterra, Rabobank, Ravensdown, Silver Fern Farms, and Synlait. The Ministry for Primary Industries holds a 50% stake on behalf of the government.
“The a2 Milk Company, ANZ Bank New Zealand and ASB Bank committing to this project highlights the industry's recognition of AgriZeroNZ’s potential to drive positive change in agriculture”, MinterEllisonRuddWatts lead partner Neil Millar said.
Funding has reached $183m over four years, and the MinterEllisonRuddWatts team guided all legal aspects of the new investments.
Millar received support from senior associate Marilyn Mrkusich and solicitors Oscar England and Stella Gu.
