Archive for September, 2010

New Zealand firm Fulton Hogan in five-year joint venture with Aussie firm John Holland

Comments Off | 09-30-2010

New Zealand’s foremost roading firm has gone into a five year joint venture with an Australian infrastructure firm. Fulton Hogan said it had agreed on a five-year joint venture with John Holland, a business arm of the Australian infrastructure major, the Leighton Group.
Nick Miller, Fulton Hogan managing director said the joint venture is a strategic [...]

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

New Zealand Yellow Pages sale suspended

Comments Off | 09-29-2010

The Yellow Pages Group has suspended its planned sale of the business, citing a satisfactory price as unattainable in the current economic situation. The owners of the New Zealand business said they had withdrawn their planned sell because they felt the business would not achieve what they termed “a satisfactory price” in the prevailing economic [...]

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

New Zealand based software firm Orasphere acquired by US based CurveDental

Comments Off | 09-28-2010

US based CurveDental has acquired New Zealand based software firm, Orasphere. Orasphere is a dental software developer and produces Dental patient education videos that are watched online, on DVDs etc. CurveDental expects the acquisition of the New Zealand firm to increase its product offerings through the provision of its existing state of the art educational [...]

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

Singapore based company Olam International Ltd finally owner of NZ Farming Systems Uruguay

Comments Off | 09-26-2010

Singaporean firm, Olam International Ltd has finally sealed its transaction for the acquisition of a majority stake in NZ Farming Systems Uruguay. The completion of the investment signaled a surge in Olam International’s share on trading last week. Olam said it is already in talks with another potential investment, its rival Louis Dreyfus Commodities.
The completion [...]

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Pactiv Corporation and Reynolds Group Holdings Ltd’s to close investment transaction

Comments Off | 09-25-2010

Pactiv Corporation and Reynolds Group Holdings Ltd are close to sealing their investment deal. In a move that marks a near closure for the deal; the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired, opening way for the conclusion.
Pactiv Corporation is a global leader in the consumer and food service packaging markets [...]

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Posted in Food Investment and processing NZ, Foreign Direct Investment/FDI New Zealand, General | Read More

NZ$500 million in FDI funds leaves the Property Market in New Zealand since 2008

Comments Off | 09-24-2010

In a report commissioned by research firm, CB Richard Ellis, almost half a billion New Zealand dollars of foreign investment property market is believed to have left the country since the year 2008. The huge amount has largely been motivated by the duress foreign investors in the country’s property market have recently come under to [...]

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New Zealand government has opened applications for Technology Grant

Comments Off | 09-23-2010

The New Zealand government has opened applications for its technology development grant that is a part of the $321 million it put aside for new science and research. In this year’s budget reading, the New Zealand Finance Minister announced the set up of the $321 million in new science and research and development funding. As [...]

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

South Island food producer Affco Holding’s independent directors endorse Talley’s Group offer

Comments Off | 09-22-2010

The Talley’s Group’s takeover offer for Affco Holding has yet received the strongest indication of backing from Affco Holding’s independent directors. In a sign of support for the offer from the South Island food producer, Affco Holding’s independent directors sanctioned the takeover offer, after the Talley’s Group declared its offer unconditional Tuesday.
Affco Holding told its [...]

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Posted in Food Investment and processing NZ, Food and Drinks, Foreign Direct Investment/FDI New Zealand, General | Read More

Allied Work Force Group acquires majority interest in a Waihi based labor provider

Comments Off | 09-21-2010

Allied Work Force Group has bought a majority shareholding in a Waihi labor provider, terming it a major acquisition. From the acquisition, Allied Work Force Group hopes to create a new subsidiary with the acquired firm’s current owner, said the firm. The subsidiary will be named AWF Mourant Ltd. The enlarged entity will be based [...]

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

Canadian company TAG Oil acquires Condensate-Rich deep gas discovery, Taranaki Basin

Comments Off | 09-20-2010

Canadian firm, TAG Oil Thursday acquired the Condensate-Rich deep gas discovery in the Taranaki basin in New Zealand. The Canadian oil and gas producer acquired 100 per cent interest in a petroleum mining permit that includes the Cardiff gas/condensate discoveries found onshore in the Taranaki basin.
The 100% exploration interest was acquired from the receivers and [...]

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