Archive for July, 2010

Kea Oil and Gas Limited acquires exploration permits from New Zealand energy company Genesis Power Limited

Comments Off | 07-30-2010

Kea Petroleum Today announced the acquisition of 100% interest in Genesis Power Limited’s Petroleum Exploration Permit (PEP 381204). In the announcement, the company said it had been granted approval by the New Zealand Minister of Energy for the company’s wholly owned subsidiary, Kea Oil and Gas Limited to acquire the exploration permit from Genesis Power.
Genesis [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More

Speculation rife over New Zealand Telecoms AAPT business stake sale to Australian internet service provider iiNet

Comments Off | 07-29-2010

Australian internet service provider, iiNet went into a trading stop Wednesday amidst speculation that the company might be keen on an acquisition of New Zealand Telecoms AAPT business. A statement in the Australia Stock Exchange said the company had gone into a trading halt as it awaits a potential acquisition investment and speculation has been [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General, Telecommunications in NZ | Read More

Olam International hopes to make NZ Farming Systems Uruguay profitable within 2 years

Comments Off | 07-29-2010

Vivek Vema, Olam International’s coffee and dairy segment managing director said the company hopes its latest take over, NZ Farming Systems Uruguay will be profitable in two years time. The company said it believes it will be able to turn its acquisition into a profitable business within two years of operations.
The Singapore Stock Exchange Listed [...]

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Posted in Dairy Investment NZ, Foreign Direct Investment/FDI New Zealand, General | Read More

NZ Government might review FDI policy on land ownership in New Zealand

Comments Off | 07-28-2010

The New Zealand government Tuesday said its review of the countries foreign direct investment regulations may consider offshore acquisition of huge tracts of land. According to the country’s Finance Minister, Bill English, the government is currently studying the repercussions of such a move and as such is figuring out what harm that could portend before [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More

Stirling Products to acquire 65% stake in NZ, Australia and UK TelemedCare businesses

Comments Off | 07-28-2010

Stirling Products, the Australian stock listed pharmaceuticals and healthcare company reported that it had made an offer for the takeover of a stake in TeleMedCare’s businesses in New Zealand, the UK and Australia. According to the announcement, the Australian firm will acquire a 65% stake of TeleMedCare’s businesses in New Zealand, UK and Australia.
The deal [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More

Air New Zealand criticize Auckland International Airport’s 24.9% stake into Queenstown Airport

Comments Off | 07-27-2010

In a hard line rejoinder over Auckland International Airport’s buy-in to the Queenstown Airport, Air New Zealand launched harsh criticisms against the deal terming it “shoddy.” New Zealand’s national carrier decried the deal arguing that airlines should have been permitted to partake of the investment in the airport.
The national carrier further urged the New Zealand [...]

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Posted in Aviation New Zealand, Foreign Direct Investment/FDI New Zealand, General | Read More

New Zealand Yellow Pages Group for Sale – Reports. Estimated worth of the group $700 million

Comments Off | 07-24-2010

Reports emerged Friday that the New Zealand Yellow Pages Group is planning to sale the business. According to the unconfirmed reports, sources from the company said the private equity owners of the business are mulling a sale and had even commenced the process. The sale is estimated to be worth $700 million.
Media reports said the [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General, Telecommunications in NZ | Read More

New Zealand firm Atlantis Healthcare sells 50% stake for $20 million to UK investor

Comments Off | 07-23-2010

Atlantis Healthcare announced it had sold its 50% share to an investor from the UK. The New Zealand privately owned company said it had disposed off its 50% stake to the investor at an investment worth $20 million. Atlantis Healthcare, with its presence in nine countries globally, has long reiterated its growth plans that target [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More

Canterbury Building Society signals possibility of its proposed merger

Comments Off | 07-22-2010

In a move that might signal its preparation for the long awaited merger, the Canterbury Building Society gave out the latest strong indication that the deal might be in the pipeline. On the proposed merger that would create a south island bank, Canterbury reportedly told shareholders to expect a vote in mid to late November, [...]

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Posted in Banking industry, Foreign Direct Investment/FDI New Zealand, General | Read More

China based Bright Dairy & Food acquires New Zealand firm Synlait Milk Limited

Comments Off | 07-21-2010

Chinese company, Bright Dairy and Food Monday announced it had concluded its investment acquisition deal for a New Zealand firm. The deal comes as the Chinese firm’s introductory overseas investment as it had, before yesterday, never acquired any overseas venture. Bright Dairy & Food agreed to buy a majority stake in Synlait Milk, the New [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More