According to the latest decisions released by the OIO, Shmuel Meitar, has paid $1 for a retrospective 27.5% stake in Walter Peak Joint Venture, which owns or controls the Lake Wakatipu property.
Mr Meitar was a business partner of Morris Khan of Monaco who, through his company Mayfair Investment Ltd, had a stake of up to 60% in Walter Peak Joint Venture since 1998.
The shareholders then were Ian and Tony Koblick, Benjamin Khan, David Khan, and Morris Khan.
The current shareholders were Ian and Tonya Koblick (25%), Benjamin Khan (10%) and David Khan (10%).
Morris Khan and Mr Meitar now each have 27.5%.
They own the freehold interest in 373ha of the station and a further 25,758ha of pastoral lease.
In its decision, the OIO granted retrospective consent on the view that Mr Meitar's involvement would provide extra finance and environmental and sustainability interests along with the fact that it satisfied "national interest" criteria.
