Decision number | 200820014 |
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Application number | 200810063 |
Date | 28 July 2008 |
Offeror/applicant | Fiji Water Company LLC |
Ultimate applicant beneficial ownership | 100 percent - United States of America, Resnick (Stewart and Lynda) |
Beneficial overseas ownership | |
- Asset current | 0 percent |
- Asset proposed | 100 percent |
- Share current | N/A |
- Share proposed | N/A |
Offeree(s)/seller(s) | Williams (Mark Anthony) & (Kelsey Emma) and de la Roche (Justin Charles) 34 percent - New Zealand, Williams (Kelsey Emma) 33 percent - New Zealand, Williams (Mark Anthony) 33 percent - New Zealand, de la Roche (Justin Charles) |
Business activities | Manufacturing - Food, Beverage & Tobacco |
Details of land involved | 59.1775 hectares of freehold situated at 364 Barnes Road, Taitapu, Christchurch and 264 Ridge Road, Greenpark-Motukaraka, Christchurch being CTs CB31F/287 and 89698 (Canterbury Registry). |
Regions involved | Canterbury |
Total consideration | $3,100,000 |
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. Background to the Investment: Outline of the Investment: Rationale for the Investment: The proposed investment will or is likely to benefit New Zealand (or any part of it or group of New Zealanders) having regard to the following factors: Overseas Investment Act 2005: Overseas Investment Regulations 2005 |
Contact | James Clark Russell McVeagh PO Box 10-214 WELLINGTON |