Archive for May, 2011

Cavalier Wool Holdings offer for assets from New Zealand Wool Services International premature, says Company

Comments Off | 05-30-2011

New Zealand Wool Services International said the A $40 million offer by Cavalier Wool Holdings to buy assets from the company is premature, reported the New Zealand Herald. Wool Services International (WSI) said Cavalier Wool had made a $40 million conditional offer for all assets and liabilities of the NZAX-listed company.
WSI chairman Derek Kirke said [...]

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

China Investment Corporation to invest a possible $6 billion fund in New Zealand

Comments Off | 05-30-2011

According to the New Zealand Herald, Chinese sovereign wealth fund, the China Investment Corporation, may have set aside up to 1.5 per cent or about $6 billion of its massive foreign exchange reserves to invest in New Zealand assets, including government bonds, companies and potentially dairy farms.
The Herald indicated that the 1.5 per cent figure [...]

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

Algeco Scotsman to acquire Ausco Modular Holdings Ltd

Comments Off | 05-28-2011

Algeco Scotsman, a leading global business services company focused on modular space and secure storage solutions, announced it has entered into arrangements to acquire Ausco Modular Holdings Ltd (Ausco), a leading provider of modular buildings in Australia and New Zealand.
The arrangements follow an agreement by Algeco Scotsman’s owners to acquire Ausco from Waco International Limited [...]

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

Book retailers Whitcoulls and Borders New Zealand sold for an undisclosed sum

Comments Off | 05-27-2011

Book retailers Whitcoulls and Borders have been sold for an undisclosed sum, reported the New Zealand Herald. The sale was confirmed Thursday by Ferrier Hodgson to Project Mark Limited, a company associated with Farmers, which is owned by the Norman family. Project Mark Limited is a company in the James Pascoe Group.
According to the Herald, [...]

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

Olam International extends offer date for NZ Farming Systems Uruguay and acquires additional shares

Comments Off | 05-26-2011

Singapore-based Olam International has extended the offer date for NZ Farming Systems Uruguay and mopped up a few more shares in its bid for 100 per cent of the dairy farmer, reported Stuff New Zealand.
Olam has extended its takeover offer by a week to June 14 and welcomed a recommendation by independent directors that shareholders [...]

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

Telecom Corp. emerges big winner in Government’s $1.35 billion urban ultra-fast broadband initiative

Comments Off | 05-25-2011

Scoop Monday reported New Zealand’s Telecom Corp. has finally emerged the big winner in the government’s $1.35 billion urban ultra-fast broadband initiative, winning the key Auckland and Wellington markets, while Christchurch went to local provider Enable Networks.
The decision by the government’s negotiating vehicle Crown Fibre Holdings Ltd. puts Telecom on track for a shareholder vote [...]

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

GE Capital buys Business and assets of South Canterbury Finance’s subsidiary, Face Finance

Comments Off | 05-24-2011

The receivers of the South Canterbury Finance Group announced Monday that GE Capital’s New Zealand Equipment Finance business has acquired over NZ$100 million of commercial loan book assets from Face Finance Limited, a subsidiary of South Canterbury Finance Limited.
Face Finance primarily focuses on ‘big ticket’ financing in the transport and infrastructure sectors. It has operated [...]

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

ANZ signs strategic cooperation agreement with China’s Eximbank

Comments Off | 05-23-2011

ANZ Banking Group signed an agreement with a big Chinese bank as it ramps up attempts to capture trade flows and cross-border deals between China, Australia and New Zealand, reported the NZ Herald.
ANZ’s co-operation agreement with the Export-Import Bank of China (China Eximbank) was signed in Beijing and comes a month after rival Westpac struck [...]

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Auckland Airport plans $1 million investment for growing high-value tourism

Comments Off | 05-21-2011

Auckland Airport Friday announced a $1 million investment into initiatives which will focus on the attraction and growth of affluent visitors from high-value markets.
Glenn Wedlock, General Manager Aeronautical Business Development for Auckland Airport, said the rapidly growing number of affluent visitor markets represents a massive economic opportunity for New Zealand.
Auckland Airport’s new commitment will focus [...]

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

NZ Government allocates additional $1.4 billion in education funding for the four years

Comments Off | 05-20-2011

According to the New Zealand Herald, schools and early childhood education (ECE) will receive a $1.4 billion increase in funding over the next four years. Thursday’s budget allocated an extra $621.2 million towards schools, including $118.1 million for operational costs.
An additional $550.3 million will be spent on ECE, with a particular focus on increasing participation [...]

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