Archive for March, 2011

Scott Technology Limited acquires majority shareholding in HTS-110 Limited

Comments Off | 03-31-2011

Scott Technology Limited has acquired a majority shareholding in HTS-110 Limited, a Wellington based designer and manufacturer of powerful electromagnets and other associated technology which utilizes High Temperature Superconductors (HTS).
Scott Technology will fund the acquisition initially through debt, with the debt to be repaid following the completion of a proposed rights issue that will be [...]

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

Wesfarmers Insurance signs agreement for Crombie Lockwood to acquire business of Fraser MacAndrew Ryan Ltd

Comments Off | 03-31-2011

Wesfarmers Insurance has signed an agreement for Crombie Lockwood to acquire the business of Fraser MacAndrew Ryan Ltd (FMR Risk). The investment is expected to result in a leading insurance broking and risk consulting business in New Zealand. Wesfarmers also expects the combination of Crombie Lockwood and FMR Risk to establish Crombie Lockwood as the [...]

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Jumpstart Equity Partners outlines Investment in New Zealand and Australian Real Estate

Comments Off | 03-30-2011

Jumpstart Capital Partners, LLC, an investment company based in Los Angeles, California, announced the launch of Jumpstart Equity Partners, LLC, a new investment and asset management platform established to capitalize on liquidity constraints in international real estate markets.
Jumpstart Equity Partners said it is initially targeting distressed and undervalued real estate-related investments in select markets within [...]

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

Prime Minister applauds ASB’s move to invest $250 million to stimulate the Christchurch economy

Comments Off | 03-29-2011

New Zealand Prime Minister John Key has applauded the ASB’s move to invest upwards of $250 million to stimulate the Christchurch economy. The amount is expected to bring some needed life back into the earthquake devastated Christchurch economy. The announcement was made last week in Christchurch, during a joint visit by Mr. Key and ASB [...]

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Austrian energy firm OMV Group unit acquires 65 per cent share in an offshore Taranaki oil exploration license

Comments Off | 03-28-2011

The New Zealand subsidiary of Austrian energy firm OMV Group, OMV New Zealand has acquired a 65 per cent share in an offshore Taranaki exploration license. OMV New Zealand will operate the PEP 51906 license currently held by Octanex N.L; a wholly owned subsidiary of ASX listed company Octanex.
Subject to government approval, the farm-in arrangement [...]

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Kiwi entrepreneur Ross Pratt hopes for an increased market share as invention hits foreign markets

Comments Off | 03-25-2011

Ross Pratt, a kiwi entrepreneur is hopeful of an increased market share as his invention hits the Australian and other markets. The Auckland based entrepreneur, founder of Railblaza, invented a mounting device for a range of accessories, named StarPort. The device can secure a variety of items such as mobile phones, fishing rods amongst other [...]

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Genesis Energy sticks with bond offer plans, despite needed repairs that may delay the offer

Comments Off | 03-25-2011

New Zealand state owned energy firm Genesis Energy has reiterated it will forge ahead with its bond offer plans to raise funding for its acquisition of the South Island Tekapo hydro system that is in need of multi-million dollar repairs, reported the New Zealand Herald. The bond offer targets raising around $500 million for the [...]

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US based Futurestep announces re-engagement with Fonterra for RPO and consulting services

Comments Off | 03-24-2011

Futurestep, a Korn/Ferry company Tuesday announced that it has been re-engaged by Fonterra, the world’s largest diary exporter and New Zealand’s largest employer, to provide Recruitment Process Outsourcing (RPO) and consulting services over the next five years commencing April 1st.
The new contract marks the continuation of a long-standing relationship with Futurestep and Fonterra. For six [...]

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

Kuehne + Nagel to acquire 75 per cent of New Zealand’s leading reefer operator Cooltainer

Comments Off | 03-22-2011

Kuehne + Nagel announced it has entered into an agreement to acquire 75 per cent of the shares of New Zealand’s leading reefer, Christchurch based Cooltainer. The move follows Kuehne + Nagel’s acquisition of three South American airfreight forwarders specialized in perishables logistics in January.
Cooltainer, headquartered in Christchurch, brings with it in-depth knowledge and experience [...]

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Fisher & Paykel Appliances and China’s Haier in deal for the supply of components and technology

Comments Off | 03-21-2011

Fisher & Paykel Appliances Holdings Limited announced it has entered into an agreement with Chinese firm Haier for the supply of components and technology, predominately motors. However, this agreement comes as an extension to business already conducted with Haier. The supply arrangement is for an initial period of three years, with provision for annual renewals [...]

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