| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 02/08/2021 |
| Pathway(s) | Significant business assets only National Interest assessment |
| Investment | Acquisition of 100% of the shares in Toll (New Zealand) Limited. |
| Consideration | NZ$518,598 |
| Applicant | NZ Logistics Holdings Limited Australia (35.45%) United States of America (22.78%) Various (19.58%) United Kingdom (11.49%) Germany (10.70%) |
| Vendors | Toll Holdings Limited Japan (100%) |
| Background | The Applicant is an indirect subsidiary of Allegro Funds Pty Limited which is an Australian incorporated private equity firm. The Applicant is acquiring 100% of the shares in Toll (New Zealand) Limited from Toll Holdings Limited. This transaction is part of a wider global transaction which includes the purchase of certain Australian subsidiaries of the vendor. The Applicant has satisfied the investor test. The Minister of Finance has determined that the Investment is not contrary to New Zealand’s national interest. |
| More information | Mark Stuart |