AgriZeroNZ, is a world-first public-private partnership owned by the New Zealand government and major agribusiness companies. The shareholders pool funds to deliver a step-change in investment required 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 business has recently added The a2 Milk Company, ANZ Bank New Zealand and ASB Bank as shareholders alongside current shareholders ANZCO, Fonterra, Rabobank, Ravensdown, Silver Fern Farms and Synlait, with the Government retaining 50 per cent ownership through the Ministry for Primary Industries. This takes AgriZeroNZ's total funds to $183 million over its first four years.
Leading law firm, MinterEllisonRuddWatts, advised AgriZeroNZ on all aspects of these new investments, which will further strengthen AgriZeroNZ’s ability to support farmers and secure the agricultural sector’s future.
Partner Neil Millar who led the firm’s deal team said: "It has been a privilege to work with AgriZeroNZ on this strategically significant investment. 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, and as a firm we are proud to have played a role in facilitating this deal that will shape New Zealand’s future."
The MinterEllisonRuddWatts team advising on the transaction included Partner Neil Millar, Senior Associate Marilyn Mrkusich, and solicitors Oscar England and Stella Gu.
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