Decision number | 200810060 |
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Application number | 200810041 |
Date | 19 June 2008 |
Offeror/applicant | Holcim (New Zealand) Limited |
Ultimate applicant beneficial ownership | 66.4 percent - Switzerland, Swiss Public 23.6 percent - Switzerland, Schmidheiny (Thomas) 10 percent - United States of America, Capital Group Companies |
Beneficial overseas ownership | |
- Asset current | 0 percent |
- Asset proposed | 100 percent |
- Share current | N/A |
- Share proposed | N/A |
Offeree(s)/seller(s) | Sainsbury (Stuart John) Central Lodge Trustees 2006 Limited as trustees of the Sadira Family Trust 100 percent - New Zealand, Sainsbury (Stuart John) |
Business activities | Mining - Other Mining |
Details of land involved | 3.365 hectares of freehold situated at Limekiln and McLay Roads, Dunback, North Otago being part CT OT327/64. |
Regions involved | Otago |
Total consideration | $7,313 |
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 overseas investment is 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 Regulations 2005: |
Contact | Tim Barclay Anthony Harper PO Box 2646 CHRISTCHURCH |