| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 12 February 2015 |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of rights or interests in up to 100% of the shares of Orica Chemicals Holdings Pty Limited, the value of the New Zealand assets of Orica Chemicals Holdings Pty Limited and its 25% or more subsidiaries being greater than $100m. |
| Asset value | $167,443,951 |
| Applicant | Chemstralia Pty Ltd The Blackstone Group LP, United States of America (100%) |
| Vendor | Orica Investments Pty Limited Orica Limited, Australia (100%) |
| Background | The Applicant is an investment vehicle for a fund managed by the Blackstone Group. Orica Investments Pty Limited is ultimately owned by Orica Limited, an ASX listed provider of mining services and general chemicals that has operations in New Zealand. The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | Anna Buchly Bell Gully PO Box 4199 AUCKLAND 1140 |