VDL decision good news

23 February 2016

Tasmania’s peak farming organisation has welcomed the news that the Foreign Investment Review Board (FIRB) has approved the sale of the State’s largest dairy organisation.

TFGA CEO Peter Skillern said that the sale of Van Diemen’s Land Company (VDL) to Moon Lake Investments was good news for the industry and the State.

“Due process has now validated Lu Xianfeng’s application to buy VDL. It’s now time to move forward,’’ Mr Skillern said.

“Moon Lake Investments’ continued investment in the sector will further reinforce the importance of the dairy industry, and agribusiness in general, to the Tasmanian economy. We look forward to building a close working relationship with Mr Lu into the future.”