| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 28 May 2013 |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of rights or interests in up to 100% of the shares of Media Transfer Services Limited, the consideration of which exceeds $100m. |
| Consideration | $136,000,000 |
| Applicant | MYOB Finance NZ Limited United States Public (56.4241%) United Kingdom Public (7.0057%) Cayman Islands Public (5.9643%) Singapore Public (5.4909%) Various Overseas Public (25.115%) |
| Vendor | Derek William Jones, Malcolm James MacDonald, Stephen Paul Agnew and the trustees of the Ricola Nichard Trust, the Langston Trust, and the Stephen and Lisa Agnew Family Trust. New Zealand 100% |
| Background | The proposed acquisition of Media Transfer Services Limited is part of a larger transaction resulting in MYOB Finance NZ Limited acquiring control of the BankLink Group. The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | David J Quigg/Melissa Pengelly Quigg Partners PO Box 3035 WELLINGTON 6140 |