Overseas Investment Office – February 2023 Decision Another Microsoft Data Centre In Auckland The Minister for Land Information and the Associate Minister of Finance have approved Microsoft…
Decisions
Analysis of the decisions of the Overseas Investment Commission 1994-2004 inclusive and the Overseas Investment Office decisions 2006 onwards as well as the transition year of 2005.
Standing Consents As you would expect, January was a quiet month for the OIO, being the holiday season with Government departments and businesses closed down…
Japanese Transnationals Increase Ownership Of NZ Forestry The OIO has approved Mitsui & Co Ltd (Japan 70.15%, Various regions 29.85%) and Nomura Holdings Inc (Japan 68%; Various regions 31.9%)…
Fisher Funds Buys KiwiSaver Provider Kiwi Wealth The OIO has approved Fisher Funds Management Limited New Zealand (66.01%), United States of America (23.37%) Various (10.62%) buying 100%…
Cleaning Up Big Time The OIO has approved CD&R Madison UK BidCo Ltd (USA 35.85%, Cayman Islands 10.42%, The Netherlands 7.99%, China 4.68%, Canada 4.34%, Singapore 4.10%,…
Spark Sells Cellphone Towers To Canada SamCo Holdings Limited (Canada 100%) has been given OIO approval to buy 100% of Spark TowerCo Limited for $1,150,000,000. “SamCo Holdings Limited…
Where There’s Muck There’s Money This month’s highlighted Decision involves a notorious transnational corporation (TNC), well known to CAFCA for decades. The Minister for Land…
Buying Up Bus Companies Continues Unabated This has been a theme of OIO Decisions in the past couple of years – the purchase of NZ…
Blanketing The Countryside With Trees For Carbon Credits I’m a lapsed Protestant and a historian, so I know something of the history of Protestantism. Martin…
It’s That Old Favourite Again: Retrospective Consent There were quite a few Decisions that could have been highlighted from the May 2022 crop – a…
All Major Petrol Retailers Once Again Owned Overseas The Minister for Land Information and the Associate Minister of Finance approved Ampol Limited Australia (99.06%); New Zealand (0.49%);…
Digital Big Boys To Set Up In NZ Amazon Data Services New Zealand Limited (ADS NZ) Various (100%) has been given OIO approval to buy land…
Whatever Happened To Carter Holt Harvey? These days the great bulk of the OIO’s monthly Decisions involve approvals for foreign companies or individuals buying existing…
Wool Scours Go To 100% Foreign Ownership Wool used to be the industry in New Zealand (I even played a modest part in it, spending several summers…
Buying Up Bus Companies This month’s one Decision was chosen to follow on from the one I highlighted in the August 2021 Decisions, namely the…