OIO approves Australian private equity swoop on NZ food and ferries

Fri, 31 Mar 2017

By Rebecca Howard March 31 (BusinessDesk) - The Overseas Investment Office approved Australian private equity raids on New Zealand food and transport businesses, each worth more than $100 million. The New Zeland agency tasked with approving large or sensitive foreign acquisitions signed off on the deals in February and released summaries of the decisions today. Neither acquisition involved sensitive land, meaning they only needed approval if the assets were worth more than $100 million. One involved Pacific Equity Partners, which own...

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