| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 14 September 2011 |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of rights or interests in up to 100.0% of the shares of Flavoured Beverages Group Holdings Limited, the consideration of which exceeds $100m. |
| Consideration | $1,525,000,000 |
| Applicant | Asahi Group Holdings, Ltd. Japanese Public (74.1%) United States Public (12.4%) Various overseas person (6.0%) United Kingdom Public (6.0%) Australian Public (1.5%) |
| Vendor | Existing shareholders of Flavoured Beverages Group Holdings Limited Hong Kong Public (37.62%) Australia Public (30.63%) New Zealand Public (16.39%) Various overseas person (15.36%) |
| Background | Asahi Group Holdings, Ltd. (“Asahi”), via a wholly owned subsidiary, wishes to purchase Flavoured Beverages Group Holdings Limited (together with its subsidiaries, the “Independent Liquor Group”) as it believes the acquisition is consistent with its current business strategy and that the Independent Liquor Group business will complement other businesses within Asahi. The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | Haydn Wong Bell Gully (Auckland) PO Box 4199 AUCKLAND 1140 |