| Decision number | 200720002 |
|---|---|
| Application number | 200710081 |
| Date | 5 July 2007 |
| Offeror/applicant | Fletcher Concrete and Infrastructure Limited |
| Ultimate applicant beneficial ownership | 42 percent - New Zealand, New Zealand Public 34 percent - Australia, Australian Public 13 percent - United States of America, US Public 11 percent - Various, Various overseas persons |
| Beneficial overseas ownership | |
| - Asset current | 0 percent |
| - Asset proposed | 58 percent |
| - Share current | N/A |
| - Share proposed | N/A |
| Offeree(s)/seller(s) | Gadsden (Adrian Thomas), Healy (Kim Anne) and Collins (Vicki) as trustees of the Lancewood Family Trust of New Zealand |
| Business activities | Manufacturing - Non-metallic Minerals |
| Details of land involved | 19.8553 hectares of freehold situated at 242 Bluff Road, Pokeno, South Auckland being CT NA131B/303 (North Auckland Registry). |
| Regions involved | South Auckland |
| Total consideration | CONFIDENTIAL |
| Consent sought | To acquire an interest in land which, either alone or together with any associated land of that type, is or includes non-urban land and exceeds 5 hectares in area. |
| Rationale | The application has been approved as it met the criteria. The Overseas Investment Office is satisfied that the individuals with control of the Applicant collectively have business experience and acumen relevant to the overseas investment, and that the Applicant has demonstrated financial commitment towards the overseas investment. The Overseas Investment Office is further satisfied that each individual that exercises control over the Applicant is of good character and is not an individual of the kind referred to in section 7(1) of the Immigration Act 1987. Rationale for Proposed Development: |
| Contact | Greg Allen Simpson Grierson Private Bag 92518 AUCKLAND |