Archive for the ‘Mergers & Acquisitions NZ’ Category

Air New Zealand denies Virgin Blue share speculations

Comments Off | 07-19-2010

Air New Zealand Sunday wrote to the New Zealand Stock Exchange reiterating its position that it had not purchased any shares in Virgin Blue. The New Zealand’s national carrier denied reports that it had bought a share in Virgin Blue in that statement, coming as a reply to rife media speculations over the suspected deal, [...]

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Posted in Aviation New Zealand, General, Mergers & Acquisitions NZ, Sector Investments, Tourism | Read More

Axa Asia Pacific in talks to extend its deal with National Australia Bank

Comments Off | 07-19-2010

Axa Asia Pacific Holdings Ltd Thursday reported that it had entered talks with National Australia Bank (NAB) in a move to have their deal extended. Axa is seeking to have the deal for the proposed acquisition extended in a move that analysts hope will ameliorate the fears of the Australian competition watchdog, the Australian Competition [...]

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Posted in Banking industry, Finance New Zealand, Foreign Direct Investment/FDI New Zealand, General, Mergers & Acquisitions NZ, Sector Investments | Read More

Overseas Investment Office reports record FDI inflows in New Zealand

Comments Off | 07-15-2010

In a latest report released by New Zealand’s Overseas Investment Office, it surfaced that the country had recently received major foreign investment with a single record investment placed at $4.7 billion. The OIO reported that the March purchase of a stake in Craigs Investment Partners by the Germany bank, Deutsche Bank was worth $4.7 billion. [...]

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Posted in Banking industry, Finance New Zealand, Foreign Direct Investment/FDI New Zealand, General, Mergers & Acquisitions NZ, Sector Investments | Read More

Sky TV Buys OnSite Broadcasting New Zealand

Comments Off | 07-13-2010

British Pay-TV operator, Sky Television, Friday announced it had purchased outside broadcast operator, OnSite Broadcasting New Zealand at an investment worth $13.5 million. OnSite is owned by Prime Media Group, an Australian media company the British broadcaster had contracted for all of its sports broadcasting.
In the investment deal, Sky reported that it would go into [...]

Posted in Foreign Direct Investment/FDI New Zealand, General, Media industry in NZ, Mergers & Acquisitions NZ, Sector Investments | Read More

Auckland International Airport’s Investment into Queenstown airport formed mixed reactions

Comments Off | 07-13-2010

There has been mixed reactions over the move by Auckland International Airport to invest $27.7 million for the acquisition of a quarter shares in Queenstown Airport. The point of contention, according to reports, is unanswered questions over the value at which the deal was undertaken. In the deal that sealed the investment, Auckland Airport will [...]

Posted in Aviation New Zealand, General, Infrastructure NZ, Mergers & Acquisitions NZ, Sector Investments, Tourism | Read More

SBS Bank and HBS sign up for merger – New Zealand Banking

Comments Off | 07-8-2010

In a move that could witness the latest consolidation in New Zealand’s financial sector, SBS Bank and HBS Building Society announced that they had signed a merger agreement. SBS Bank, formerly known as Southland Building Society signed a heads of agreement with HBS to pursue a merger and both boards are in unanimous support of [...]

Posted in Banking industry, Finance New Zealand, Mergers & Acquisitions NZ | Read More