Ex-Rower Buys into Ohai Station
Auckland businessmen Peter Masfen has bought a 50 percent shareholding in Mount Linton Station Ltd.
As well as the well-known 10,800ha Mount Linton Station near Ohai, the company owns several down land finishing and stud properties in Southland and Canterbury – covering a total area of about 14,000ha.
The transfer of shares took effect from July 1.
The company’s 50 percent holding remains with the direct family interests of Alistair McGregor.
Mr McGregor has retired as the company’s chairman and chief executive but continues to hold a position on the board.
Mount Linton general manager Paul McCarthy has been appointed chief operating officer and former Affco chairman Peter Jackson takes over as the company’s independent chairman.
Mount Linton celebrated 100 years of McGregor family ownership in March.
Mr Masfen has extensive business interests and is a former major shareholder of Montana Wines, of which he remains chairman.
In sport, he won seven national rowing titles, and was a member of New Zealand’s champion fours at the Tokyo Olympics in 1964 and rowing eight at the 1966 world championships in Yugoslavia.
Speaking from Hong Kong yesterday, Mr Masfen said he had a long background in the rural sector, notably 33 years with Montana Wines that had seen the development of extensive wine growing in Marlborough.
Since selling his interests in the company he had been looking for an opportunity to invest in a large-scale sheep and beef property.
“Mount Linton appealed,” Mr Masfen said, as did Southland’s reputation as an efficient farming region.
As a long-term investor, Mr Masfen said he was looking forward to the continuing development and increased productivity of Mount Linton.