28868 (2026). Hon Dr Duncan Webb to the Minister for State Owned Enterprises

Written Question

Published date: 26 Jun 2026

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	28868 (2026)
Question asked:	16 Jun 2026
Member asking:	Hon Dr Duncan Webb
Portfolio:	Minister for State Owned Enterprises
Minister replying:	Hon Simeon Brown
Answer received:	22 Jun 2026
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_28868_2026
Document guid:	10f3cea6-a914-4322-bdf2-dc723c7efd4b

28868 (2026). Hon Dr Duncan Webb to the Minister for State Owned Enterprises: Further to WPQ 4097 (2024) what is the current book value of Pāmu's interest in Spring Sheep Dairy NZ Limited Partnership?

Hon Simeon Brown: 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.