| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 24 June 2015 |
| Investment | An overseas investment in significant business assets, being the Applicant’s acquisition of rights or interests in up to 49% of the securities of Charger Top HoldCo B.V., where the value of the New Zealand assets of Charger Top Holdco B.V. and its 25% or more subsidiaries is greater than $100m. |
| Asset value | $126,000,000 |
| Applicant | Mondelez International, Inc. United States Public (99.93%) Various overseas persons (0.07%) |
| Vendor | Acorn Holdings B.V. JAB Holding Company s.a.r.l., Netherlands (72.44%) Various overseas persons (27.56%) |
| Background | The Applicant is a global snack company which manufactures and markets food and beverage products for consumers in approximately 165 countries around the world. Its product offering spans biscuits, chocolate, candy, cheese, powdered beverages, chewing gum and coffee. The Applicant and the vendor intend to combine their respective coffee businesses, by establishing a joint venture company (Charger Top HoldCo B.V.), which will ultimately hold the combined coffee businesses. The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | Martin Thomson / Pavanie Edirisuriya DLA Piper New Zealand DX CP 24027 Auckland |