| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 31 October 2024 |
| Pathway | Sensitive land – Farm land benefit test |
| Investment | Acquisition of a freehold interest in approximately 11 hectares of land at 811 Two Chain Road and 620 North Eyre Road, Swannanoa, Waimakariri |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official information Act 1982 |
| Applicant | Institut de Sélection Animale (South Island) Limited Cayman Islands 37% Netherlands 37% New Zealand 7% United States of America 5% Various 14% |
| Vendor | Southern Chicks Limited New Zealand 74% Various 26% |
| Background | The Applicant is a special purpose vehicle ultimately owned by Hendrix Genetics Holdings B.V. which is a multi-species animal breeding, genetics and technology company, incorporated in the Netherlands. The Applicant is also 26% owned by Mainfeeds Limited, a New Zealand company and a division of Mainland Poultry Ltd. Mainfeeds specialises in the formulation and manufacture of chicken and other animal feed. The investment is part of a wider transaction by the applicant including the acquisition of four other non-sensitive properties in New Zealand and a breeder operation business. The main benefits to New Zealand are likely to include capital expenditure and the retention and creation of jobs. Consent was granted as the Applicant has met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Tara Wylie Simpson Grierson (Auckland) Private Bag 92518 Auckland 1141 |
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