| Decision | Consent approved Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 2 March 2021 |
| Pathway | Significant business assets only |
| Investment | The acquisition of up to 100% of the shares in Argenta Limited (Company Number 1846126), with approximately 40% of the consideration being reinvested by certain of the vendors. |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Mercurio Bidco Limited United States of America (47.00%) Various (18.50%) Singapore (16.00%) Canada (11.50%) China, People's Republic of (7.00%) |
| Vendor | Harrogate Trustee Limited as trustee of the Brandywine Trust, Tomlinson Group Argenta Limited, Mark Gibson, Karalla Investments Limited, David Geor and Susan Geor as trustees of the Orini Farm Trust New Zealand (100%) |
| Background | Argenta Limited (Argenta) is a contract manufacturing and research provider, specialising in animal health. Argenta operates in New Zealand, the United States and the UK. Argenta was founded and is headquartered in New Zealand, but has expanded to become a global company. Argenta’s future expansion plans require additional capital and market access. The Applicant will provide offshore knowledge and expertise. The Applicant has satisfied the OIO that the individuals who will control the investment have the relevant business experience and acumen and are of good character. The Applicant has also demonstrated financial commitment to the investment. |
| More information | Matthew Olsen Mayne Wetherell PO Box 3797 Shortland Street AUCKLAND |