Business as usual after shares ruling (NZ)

Day-to-day operations and plans for the founding winery in Gibbston valley will not change now its biggest shareholder has gained approval from the Overseas Investment Office (OIO) to take a 100% shareholding. Otago Daily Times reports Gibbston Valley Wines chief executive Greg Hunt, of Wanaka, was asked to comment on the OIO consent for the share acquisition by the winery’s major shareholder, American Philip Dean Griffith.