It comes after Ngāi Tahu moved to sell nearly half of its shareholding in the company, worth $66 million.

Ngāi Tahu is selling about half its 19.9% stake in Sanford.

It comes after Ngāi Tahu moved to sell nearly half of its shareholding in the company, worth $66 million.

The S&P/NZX50 Index closed at 13,161.97, a gain of 60.36 points or 0.46%.