According to NZ press reports, GPG has notified the country's takeovers panel that it is now the dominant owner of apple exporter Enza.

The group launched a takeover bid two months ago and on May 6 bagged more than 90 per cent of Enza's shares. GPG had proposed a NZ$1.20 a share offer to growers which had been extended to May 24.

GPG director and chairman of Enza Tony Gibbs is understood to be still receiving acceptances of the offer from growers and could end up with more shares voluntarily before possibly choosing to exercise his right to acquire the rest compulsorily.

There are also rumours circulating in New Zealand of a possible merger between Enza and another GPG interest: Turners & Growers, a major fruit and vegetable marketer in which GPG has a 44 per cent stake.

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