Ngāi Tahu Holdings has taken a 6 percent part of miniature apple producer Rockit Global Limited.
Ngāi Tahu Holdings chief executive Mike Pohio says the investment will give Rockit more capacity for future orchard developments, diversifying and increasing the growth profile of the tribe’s portfolio.
According to Rockit chair John Loughlin,Ngāi Tahu Holdings expressed an interest in Rockit early on in the latest capital raising process, recognising there was alignment with its strategic goals.
The process began in late 2020 and took place over three stages, beginning with offers to growers and existing investors. Both offers were oversubscribed.