| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 5 February 2015 |
| Investment | An overseas investment in significant business assets, being the Applicant's subscription of up to 25% of the share capital of Yashili International Holdings Limited. |
| Asset value | Approximately $170,000,000 |
| Applicant | Danone Asia Baby Nutrition Pte. Ltd. Danone SA (formally Groupe Danone S.A.), France (100%) |
| Background | The Applicant has been granted consent to acquire up to 25% of the share capital of Yashili International Holdings Limited (“Yashili”) by way of a share subscription. Yashili is currently constructing a milk processing plant in the Waikato town of Pokeno. The plant will manufacture paediatric milk powder products. The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | Gavin Macdonald Bell Gully PO Box 4199 AUCKLAND 1140 |