The Government says it will not appeal against the High Court ruling ordering it to reconsider the bid to buy the 16 Crafar farms.
The Overseas Investment Office is reconsidering the application by the Shanghai Pengxin consortium, because the court ruled that the economic benefit test had not been applied correctly.
Another bidder, the Crafar Farms Purchase Group, sought a judicial review to prevent the farms from being sold, and to have its own bid accepted.
The High Court said the economic benefits of the bid by foreign buyers were materially overstated in the recommendation from the Overseas Investment Office.
Prime Minister John Key says the Government has had a close look at the decision and has decided not to appeal against it.
