Hungarian Billionaire Buys Into Forestry This one was chosen by default. The OIO only made two Decisions this month (by contrast it made 11 in…
Decisions of the Overseas Investment Commission and Overseas Investment Office
The approval of the Overseas Investment Office (OIO; before 25 August 2005, the Overseas Investment Commission (OIC)) is required for most overseas investment into Aotearoa/New Zealand that involves land and fishing, and most other investment valued at $100 million or more. In fact, it acts as a rubber stamp, approving almost all applications.
Amazon Data Centre The OIO has approved Amazon Data Services New Zealand Limited (ADS, United States of America 24%, Various 76%) buying a freehold interest in…
Gas Companies Bought For $150 Million The OIO has approved Elgas Limited (United States of America 69%, Europe Region 11%, United Kingdom 9% and Various…
Retirement Village Chain Bought For $2 Billion The OIO has approved Stonepeak Alps BidCo Limited (Asia 38%, Middle East 33%, North America 16% and Various…
Tiwai Point Smelter. Rio Tinto Buys Out Sumitomo The Minister for Land Information and the Associate Minister of Finance approved Pacific Aluminium (New Zealand) Limited…
“Factory Farming Of The Elderly” The OIO has approved BUPA Retirement Villages Limited (United Kingdom 100%) buying cross-lease interests in villas 1-10 and villas 12-28…
“Hyperscale Data Centre” In Southland The OIO has approved Datagrid New Zealand Limited Partnership (Austria 38%, New Zealand 31%, France 31%) to buy six hectares…
“Zombie Fund Guru” The OIO has approved Resolution Life NOHC Pty Ltd (Australia 24%,Japan 22%, United States of America 15%, United Kingdom 11%, United Arab…
Solar Farms This is a recent example of the steady growth of solar farms throughout the country. This is a new form of energy but…
Buying Up Holiday Parks This company has been quietly but steadily buying up holiday parks around the country in recent years. The OIO has approved Tasman…
Burning Rubbish This is the controversial proposal to build a rubbish incinerator (a waste to energy plant) near Waimate in South Canterbury. It has spawned…
Woollies Buying Up Land Under Standing Consent Supermarkets don’t often appear in the OIO Decisions, yet they are among NZ’s biggest and most essential businesses,…
Global Merger Creates Agribusiness Giant The OIO approved Bunge Global SA United States of America (70%), United Kingdom (8%) Various (22%) buying up to 100% of the…
“Takeover Creates NZ’s Biggest Fisheries Company” The OIO approved Sealord Group Limited New Zealand (50%) Japan (37%), Various (13%) buying Independent Fisheries Holdings Limited (IFHL), Independent Fisheries Limited…
“Goodbye, Freddie” November provides quite a contrast to October – a lot less Decisions, none declined, and absolutely none featuring Ministerial Decisions. Probably everything to…