| Decision |
Consent approved |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 26 August 2022 |
| Pathway(s) | Significant business assets only |
| Investment | Acquisition of 100% of the shares in ORA New Zealand Limited |
| Consideration | $375,000,000.00 |
| Applicant | Nestlé New Zealand Limited Switzerland (35.8%) USA (33.5%) United Kingdom (5.7%) Germany (4.9%) Canada (2.3%) Japan (2.2%) Luxembourg (2.1%) Sweden (1.7%) Belgium (1.6%) Australia (1.2%) Various (9%) |
| Vendor | ORA Hong Kong Limited USA (28.49%) Singapore (11.45%) Cayman Islands (10.64%) Netherlands (9.16%) Hong Kong (7.82%) Canada (7.63%) Kuwait (3.82%) United Kingdom (3.55%) South Korea (3.82%) Germany (2.86%) Ireland (2.55%) Finland (1.91%) Malaysia (1.91%) Switzerland (1.61%) Virgin Islands (0.87%) Luxembourg (0.70%) Israel (0.57%) Channel Islands (0.46%) Liechenstein (0.19%) |
| Background |
The Applicant is a New Zealand registered company ultimately owned by the worldwide shareholders of Nestlé S.A, the world's largest food and beverage company based in Switzerland. The Applicant has been granted consent to acquire 100% of the shares in ORA New Zealand Limited (ORA NZ). ORA NZ is the majority shareholder in The Better Health Company (TBHC) and, through the transaction, the Applicant will acquire 100% of the shares in TBHC. TBHC is a manufacturer, supplier and distributor of vitamin and mineral supplements and engages in beekeeping and the production, manufacture and supply of Mānuka honey. TBHC's portfolio includes GO Healthy New Zealand Limited, New Zealand Health Manufacturing Limited and Egmont Honey. The Applicant has satisfied the investor test. |
| More information |
Susie Kilty |