August 2007 decisions Purchase of Taipo Forest land near Masterton declined approval Brunswick of US buys remaining 51% of Rayglass; government embarrassed Barbarians getting close:…
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.
July 2007 decisions CVC private equity takes holding in PBL to 75% CIP Canada acquires Stratos Global of Canada which owns sensitive land Icelandic storage…
June 2007 decisions Singapore Government and Babcock & Brown buy Alinta for $8.5 billion… … and Babcock & Brown then buys Glenbrook for $232 million…
May 2007 decisions Veda Advantage acquired by PEP and Merrill Lynch for $1 billion ING buys Remuera Gardens Retirement Village and Epsom Village… … AMP’s…
April 2007 decisions Canadian-led consortium purchases Yellow Pages Ironbridge acquires EnviroWaste Services from Fulton Hogan for $379 million Failed takeover of APN News and Media…
March 2007 decisions One application refused – to buy Upper Mataura Angler’s Lodge Allco takes remaining 50% of Strategic Finance and restructures ownership … ……
February 2007 decisions One application refused Blue Star Print Group sold to CHAMP Private Equity for $173 million Wesfarmers of Australia buys insurance broker Crombie…
January 2007 decisions One application refused Pepsi buys Bluebird Foods for $245 million from Burns Philp Independent Liquor purchased by PEP/CCMP led consortium for $1.25b…
January to December 2007 Overseas Investment Office Decisions Commentary and Index prepared by CAFCA (Note: the OIO decisions quoted here can be viewed here) Contents…
December 2006 decisions Suncorp-Metway of Australia buys Promina Group for $8.94 billion Another private equity buyout of aged care facility: CVC buys DCA Cavotec buys…
November 2006 decisions Bunnings buys property in Stoke, Nelson, for new store Macquarie buys two further properties in Plunket Avenue, Manukau Hong Kong investor buys…
October 2006 decisions Hancock buys Carter Holt Harvey’s forests Takeover of Kathmandu clothing completed Bacardi buys local Whisky firm, 42 South Nikko Principal Investments buys…
September 2006 decisions Maruha of Japan gets approval to acquire 5,000 tonnes of fishing quota Rank Group buys out other shareholders in Burns Philp Macquarie…
August 2006 decisions GE buys the mortgage portfolio of St George Bank (“Superbank”) First Data Corporation of the U.S.A. has approval to take over Peace…
July 2006 decisions Application refused: commercial purchaser of Queenstown rural land GE buying Custom Fleet leasing company from BNZ … … and ORIX of Japan…