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Further to WPQ 4097 (2024) what is the current book value of Pāmu's interest in Spring Sheep Dairy NZ Limited Partnership?

Answered Question 28868 (2026)
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Asked by

Duncan Webb

Member for Christchurch Central · Labour Party

Question

  • Further to WPQ 4097 (2024) what is the current book value of Pāmu's interest in Spring Sheep Dairy NZ Limited Partnership?

Answered by

Hon Simeon Brown

Member for Pakuranga · National Party · Minister for State Owned Enterprises

Answer

I am advised that the value of Spring Sheep (book or market) is commercially sensitive and can influence Spring Sheep’s capital raising and any potential sale of all or part of the business. Landcorp consolidated Spring Sheep into its accounts from March 2025 (due to Landcorp’s interest increasing to over 50%) and this is reflected in Landcorp’s integrated report for FY25.