| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 15 October 2024 |
| Pathway | Significant business assets |
| Investment | Acquisition of 100% of the shares in Smart Environmental Group Limited |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicants | Blue Planet Mantis Limited and Blue Planet Special Waste Solutions Pte. Ltd. India 35% Singapore 27% North America Region 15% Malaysia 11% Japan 5% Various 7% |
| Vendors | MCAF Smart Nominees Limited, Milford Private Equity II LP, Grahame Christian, ECGF Holdings Limited, Simon Paul Moutter, Moutter Investments Limited, Blair David Watson Griffiths, Brent Norman Murgatroyd, Smart Environmental Trustee Limited, Todd Murdoch McLeay, Benjamin Day New Zealand 81% Australia 18% North American Region 1% |
| Background | Blue Planet Mantis Limited is ultimately 95% owned by Blue Planet Special Waste Solutions Pte. Ltd. Blue Planet Special Waste Solutions Pte. Ltd is a subsidiary of Blue Planet Environmental Solutions Pte. Ltd. a Singaporean company whose primary business activities are the treatment and disposal of waste (including remediation activities). The Target, Smart Environmental Group Limited is a 100% New Zealand owned and operated company which operates a waste collection and processing businesses across the country for municipal, residential and commercial clients. Blue Planet Mantis Limited has received consent to acquire the Target. Blue Planet Special Waste Solutions Pte. Ltd has also received consent to subsequently increase its interest in Blue Planet Special Waste Solutions (NZ) Limited from 95% to 100%. Consent was granted as the Applicant met the investor test criterion. |
| More information | Charlotte Garland Mayne Wetherell PO Box 3797 Shortland Street Auckland |
Summer services update
Summer services update
Summer services update
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