OIO still working as Canada's WSP cleared to acquire Opus International

Sun, 26 Nov 2017

By Paul McBeth Nov. 27 (BusinessDesk) - Canada's WSP Global Inc has gained Overseas Investment Office approval to acquire locally listed engineering consultancy Opus International Consultants, allowing it to declare the deal unconditional and allaying fears the OIO's work had stalled since the election. WSP was waiting on regulatory sign-off before declaring its $283.9 million takeover unconditional having crossed the 90 percent threshold needed to mop up hold-out shareholders earlier this month. The Canadian firm applied for OIO approval...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Opinion

Dileepa Fonseka: Fear, panic and a sour mood in the boardroom

Strong on the world stage, the PM’s weaknesses at home are hurting him.

Dileepa Fonseka 6:00am

Primary Sector

BioLumic could be a new unicorn, says major shareholder

BioLumic’s Steven Sibulkin went from sceptic to its CEO.

Greg Hurrell 5:00am

BioLumic could be a new unicorn, says major shareholder

Infrastructure

'Still tough out there' despite Govt announcements

A rush of construction spending will take a while to have an effect, sector says.

Maria Slade 5:00am

'Still tough out there' despite Govt announcements

Sponsored

AI agents: opportunity or graveyard? Spark’s five-point playbook for success

Artificial intelligence agents – autonomous digital entities that analyse data, automate decisions, and act independently – are set to drive a new wave of business transformation.

Spark Enterprise

Sponsored

Future leaders start by Dreaming Big

How OnBeingBold empowers Year 13 girls at free leadership events.

OnBeingBold