| Decision | Consent granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 5 December 2023 |
| Pathway(s) | Significant business assets |
| Investment | Acquisition of up to 100% of the shares in Star Hospitality Group Limited |
| Consideration | Uncertain, but up to $100,000,000 |
| Applicant | DB Breweries Limited Netherlands 27% Various 73% |
| Vendor | Jamie Darren Williams and Andrew Robert Williams as trustees of the 3 Ratbags Trust; and New Zealand 100% Jamie Darren Williams and Andrew Robert Williams as trustees of The White Socks No.3 Trust New Zealand 100% |
| Background | The Applicant is a well-known beverage manufacturer and distributer in New Zealand, operating a hospitality group with approximately 500 employees nationwide. The Applicant operates its hospitality group through Star Hospitality Group in which the Vendors are employed as managers. The Applicant already owns 80.49% of the shares in Star Hospitality Group and seeks consent to acquire up to 100% of the shares in the future. Consent was granted as the Applicant met the investor test criterion. |
| More information | Sophie Armstrong Simpson Grierson Level 27, 88 Shortland Street, Auckland Private Bag 92518 Auckland 1141 |