| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 26 April 2012 |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of rights or interests in 100.0% of the shares of Aperio Group Pty Limited, the consideration of which exceeds $100m. |
| Consideration | NZD$304,180,660 |
| Applicant | Amcor Limited Australia (100%) |
| Vendor | Aperio Group Pty Limited Australian Public (93.2%) New Zealand Public (3.67%) Swedish Public (3.13%) |
| Background | Amcor considers the Investment will help it develop a stronger platform to meet the needs of its flexible packaging customers in the Asia Pacific region and will deliver significant benefits to consumers in terms of scale, efficiency, innovation and security of supply. The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | Colin Fife Chapman Tripp (Auckland) PO Box 2206 AUCKLAND 1140 |