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, [...]

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 [...]

In a statement released Wednesday, Cervus Equipment Corporation reported it had acquired the 60% stake it had bid for in Agriturf Limited. Cervus, which had announced its plans for the investment in the New Zealand based company previously, termed the deal “successful.” The investment means that the company is now owner of a 60% interest [...]

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. [...]

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 [...]

North South Finance trustees Thursday called in receivers after the New Zealand Securities Commission initiated civil and criminal legal proceedings against the directors. In a statement Thursday from the two independent directors, they reported that the company would be placed under receivership after holding talks with the Covenant Trustee Company. In December 2008, the North [...]

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 [...]

Spirax Sarco announced it had successfully made an investment acquisition for Watson-Marlow Pumps distribution business in Australia and New Zealand. Watson-Marlow sold off its distribution business for an estimated £2.2 million.
 
In its announcement, Spirax Sarco Engineering Plc said it had made the acquisition investment via its subsidiary, Watson-Marlow Pty, acquiring from its domestic distributor the [...]

Australian conglomerate CSR, announced the sale of its sugar assets to Wilmar International for an estimated US$2.14 billion. The deal gives Wilmar International all of the Australian conglomerate’s assets including its stake in the New Zealand Sugar Company, owner of the Chelsea brand and Birkenhead refinery.
 
CSR, listed in Singapore and the world’s biggest palm oil [...]

In frenzy for the $2 billion infrastructure contract, road contractors are lining up for the bid to complete Auckland’s western ring route between Manukau and Albany. New Zealand government’s Transport Agency made the announcement yesterday that its board had agreed to the $2 billion infrastructural road construction fund for the extension of State Highway 20 [...]