January to December 2001
Overseas Investment Commission
Decisions
Commentary and Index prepared by CAFCA
Contents
Government changes its mind, allows sale of half of Sealords to Nissui of Japan
Visy Packaging of Australia buys packaging business from Southcorp
Land for forestry
Tasman Agriculture buys another farm in Southland
Woollastons in 20/80 vineyard interest with U.S. millionaire Glenn Schaeffer
Other rural land sales
Allied Domecq of the U.K. gets approval to acquire 100% of Montana but…
NRMA of Australia buys State Insurance from Norwich/CGNU of the U.K.
Swift energy buys leasehold land for Rimu Prospect petroleum production
Land for forestry
Fishing lodge near Queenstown from Australian to U.S. owners
Other rural land sales
Carter Holt buys Kawerau Pulp Mill from Norske Skogindustrier
Rubicon buys Challenge Petroleum and Trees and Technology from Fletchers
Sky City buys Force Corporation
QBE Insurance buys HIH’s New Zealand operation
Juken Nissho buys more land for its Kaitaia mills
Highland Timber, U.K., buys further 1,182 hectares in Waikato and Waitomo
Other land for forestry
Woollastons Estates buy more land in Nelson
Other land for viticulture
More land for Martha Mine, Waihi
More land for Earnscleigh Gold Project, Otago
U.K. resident buys land to expand Glentui Camp, Canterbury
Fosters Brewing buys Matua wines group
SK Foods International of the U.S.A. takes control of Cedenco Foods
Approval for SEA Holdings (Hong Kong) to buy remainder of Trans Tasman
Canterbury Meat Packers Ltd to establish meat works in Greatford, Manawatu…
… and Eddie Tonks and Rangatira sell out of ANZCO Foods
P & O buys Eskimo’s coldstore business
Korean company buys 14 hectares for sawmill at Ruakaka, Northland
Southland Plantation of Japan buys more land for eucalypts
U.K. interests buy Aroha Hills, Manawatu, for deer farming
Hong Kong investor buys two Hastings properties for vineyards
Australian lease-back Delegat’s of viticultural assets in Hawkes Bay
McCain Foods of Canada buys Hastings land to expand processing plant
German buys second Waitomo station
Other rural land sales
One application declined
PDL sold to Schneider Electric Industries of France
Westfield buys AXA out of Manukau City Centre
Macquarie buys The Gate, Penrose, for industrial complex
McCain buys Heinz-Wattie’s Feilding potato and vegetable processing business
Carter Holt buys back a lifestyle property at Waipu, Northland
Land for forestry
Land for wine
U.S. sheep farmer with fetish for new breeds buys another 220 ha near Waitomo
Other rural land sales
One refusal
Sumitomo’s Nelson Pine Industries Ltd buys Mataura MDF plant from Rayonier
Siemens of Germany buys maintenance division of UnitedNetworks
Most details of Lord of the Rings film companies remain suppressed
Austrian buys into Remarkables Park resort development in Queenstown
Land for forestry
Land for wine
Mount Creighton Station owners buy neighbouring 33,000 ha. Branches Station
Other rural land sales
On Energy gets approval to acquire Genesis’ retail electricity meters
Ford sells its Wiri alloy wheels manufacturing business
British Telecom fails to sell out of Clear Communications
Bernard Matthews fails in attempt to take over Richmond
The Warehouse in joint venture with Westpac to run The Warehouse Card
Hikurangi Forest Farms of Malaysia buys 845 hectares in two Gisborne stations
Land for forestry
Land for wine
Mark Blakes’ family sells him “Poronui Ranch”, Taupo
Other rural land sales
August 2001 decisions
Westfield buys lease of carparks at Manukau City Centre from Fletcher Property
CDL Land buys more land for subdivision in Browns Bay, Auckland
Black family get permission to buy Donaghys’ share of Craig Pine Timber
Belgian-owned company buys 50% share in Roa Mine
Soper Group of U.S.A. buys 1,278 ha. in Hokonui, Southland, wants 10,000 ha.
Other land for forestry
Sacred Hill gains Hong Kong shareholding and land in Marlborough
Other land for wine
Other rural land sales
Baycorp becomes Australian company after merger with Data Advantage
Canterbury Meat Packers of Japan take over Phoenix Meat Company
Banking consortium and Repco management buy Repco NZ’s business
McCain Foods of Canada takes assets of Feilding Potato Storage Ltd
Jossco of Australia re-leases Auckland’s only specialised grain storage facility
Bridgestone/Firestone has new Auckland premises built by AMP for lease back
Land for forestry
Land for wine
Otamatapaio Station owners buy Holbrook, Rollesby and Glenrock Stations
Part of Glenmore Station, Southland, sold to U.S. and Canadian investors
U.K. company buys Pauatahanui land to prevent Anglicans subdividing
Other rural land sales
Assa Abloy takes over Interlock group
Canterbury Waste Services acquires more land for regional landfill
Shell Todd buys land as part of oil and gas exploration south of Kapuni
Palmerston North golf course to Uruguay company
Land for forestry
Land for wine
Telecom Mobile buys land on Kaikoura Island, Hauraki Gulf, for cell site
Other rural land sales
TelstraSaturn takes over Clear
O’Reilly moves ownership of Wilson and Horton to APN, Australia
AXA takes over Sterling Grace
Financial consortium buys Pacific Brands from Pacific Dunlop
Takapuna Golf Course sold to another Korean when owner leaves country
Land for forestry
Land for wine
U.S. investors to develop fishing lodge and tourism on Ruakituri River, Gisborne
Other rural land sales
Swift Energy (U.S.A.) buys Southern Petroleum and TAWN gas fields from Shell
Soper Group of U.S.A. buys further 1,189 ha. at Clutha, Otago
Other land for forestry
Land for wine
Part of Remarkable Station, Queenstown, sold for “world class golfing resort”
U.S. investors buy land near Mohaka River for forestry and fishing lodge
Other rural land sales
Numbers of deleted or released decisions before appeal
Compiled by: Campaign Against Foreign Control of Aotearoa,
|
