| Decision | Consent granted Section 13(1)(c) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 28 November 2024 |
| Pathway | Significant business assets only |
| Investment | Acquisition of the assets, business and registered trademarks of OnGas and up to 70% of the Shares in Liquigas |
| Consideration | $150,000,000 |
| Applicant | Elgas Limited United States of America 69% Europe Region 11% United Kingdom 9% Various 11% |
| Vendors | On Gas Limited Vector Limited Vector Investment Holdings Limited |
| Background | The Applicant is a New Zealand registered company, ultimately owned by Linde PLC, an Irish multinational company. The Applicant supplies liquefied petroleum gas to commercial and residential customers. The Applicant is acquiring interests in New Zealand gas related companies OnGas Limited and Liquigas Limited in order to expand its New Zealand business. On Gas Limited is one of New Zealand's largest wholesale and retail gas retailers and resellers. Liquigas Limited is a nationwide distributor of LPG from LPG producers to LPG wholesalers. Consent was granted as the Applicant has met the investor test criterion. |
| More information | Kimberley Wong Wynn Williams PO Box 4341 Christchurch 8140 |
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