Archive for October, 2010

Merged entity capable of becoming a bank, Canterbury Building Society, Southern Cross Building Society and Marac Finance mull their options

Comments Off | 10-30-2010

After a long struggle and investments geared at merging to form an entity capable of becoming a bank, Canterbury Building Society (CBS), Southern Cross Building Society and Pyne Gould Corp subsidiary Marac Finance Ltd are reportedly in a position to become a bank if their businesses are merged. The move would only allow the firms [...]

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

New Image Group acquires 50.01 per cent of New Zealand natural skincare company Living Nature

Comments Off | 10-29-2010

New Zealand based health care firm New Image Group has announced the acquisition of a 50.01 per cent stake in Living Nature. New Image Group, the health and wellness products manufacture and exporter acquired the New Zealand based natural skincare firm Living Nature. Living Nature is based in Kerikeri and is the manufacturer of some [...]

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

The Hobbit to stay in New Zealand, New Zealand Prime Minister John Key says

Comments Off | 10-28-2010

The Hobbit is to stay in New Zealand, said John Key. In an announcement Wednesday, New Zealand Prime Minister John Key said the Hobbit movies, pegged at a budget of a staggering $670 million will be made in the country. There has been lots of concern that the film might be move out of the [...]

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

Yellow Pages Group unveils $8 million investment plans, creates 100 new sales jobs throughout the New Zealand

Comments Off | 10-27-2010

New Zealand firm Yellow Pages Group is mulling plans for an $8 million investment to create a new workforce spread all over the country.  The firm has unveiled plans for the creation of 100 new sales jobs that are to be spread across New Zealand. According to Yellow Pages, the new investment is testament of [...]

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

New Zealand meat firm Silver Fern Farms in plea to shareholders over merger with Alliance Group

Comments Off | 10-26-2010

New Zealand meat firm Silver Fern Farms has sent a special appeal to its shareholders asking them to reconsider a merger the firm had proposed with its industry rival Alliance Group. Silver Fern Farm has been stepping up efforts in a bid to have its proposed merger with Alliance Group brought back to fore after [...]

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

PayPal co-founder Peter Thiel to invest $4 million in New Zealand online accounting software provider Xero to fast-track its expansion in the US

Comments Off | 10-25-2010

PayPal cofounder Peter Thiel is to invest around $4 million in New Zealand online accounting software provider Xero to enable the Kiwi firm expand into the United States. The San Francisco based technology entrepreneur and investor will be injecting the amount in aide of the Kiwi firm’s planed foray into the US market.
Peter Thiel is [...]

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

TEC Projects Ltd seeks clearance for acquisition of Tecpak Industries Ltd’s plastic packaging business and assets

Comments Off | 10-23-2010

The Commerce Commission Friday confirmed reception of an application from TEC Projects Limited for clearance to acquire the plastic packaging business and assets of Tecpak Industries Limited. TEC Projects is a wholly-owned subsidiary of Pact Group (NZ) Limited. Pact Group is a manufacturer and supplier of a range of plastic packaging products, including large and [...]

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

New Zealand material handling specialist Gough Group acquires Palfinger dealership in Australia and Papua New Guinea

Comments Off | 10-22-2010

The Gough Group Thursday announced the acquisition of Palfinger dealership in Australia and Papua New Guinea. The Gough Group is a New Zealand material handling specialist, and the country’s Palfinger dealer. The investment now makes the group Palfinger’s both New Zealand and Australian dealer.
Other than that, the takeover as well puts the firm firmly amongst [...]

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

US based leading global technology Media Company TechTarget Inc acquires three websites dedicated to information technology buyers in Australia and New Zealand

Comments Off | 10-21-2010

TechTarget Inc. announced Wednesday it had bought three websites serving information technology buyers in New Zealand and Australia. TechTarget Inc, the technology media firm said the three websites were being run by its regional partner in Sydney, Westwick-Farrow Media. The sites were as well developed by Westwick-Farrow Media and are made along TechTarget’s global online [...]

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

Lion Nathan to become New Zealand’s second-largest wine distributor after acquiring brands and wineries from Pernod-Ricard SA

Comments Off | 10-20-2010

Lion Nathan, a unit of the Kirin Holdings is poised to become the second biggest wine distributor after it made further investments for the takeover of brands and wineries from Pernod-Ricard. The move will see the firm go major, as it becomes the country’s second foremost wine distributor following the NZ$88 million investment. The investment [...]

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