Genuine Parts Company
Section 13(1)(a) Overseas Investment Act 2005
|Decision date||17 November 2011|
|Investment||An overseas investment in significant business assets, being the Applicant's acquisition of rights or interests in 100.0% of the shares of Exego Group Pty Limited (through an initial acquisition of 30% and an exercise of a call option for the balance of 70%), the value of the assets of Exego Group Pty Limited and its 25% or more subsidiaries being greater than $100m.|
|Applicant||Genuine Parts Company|
United States of America (100%)
|Vendor||Existing shareholders of Exego Group Pty Limited|
AOF Beta B V, Netherlands (77.08%)
Australian Public (22.92%)
The investment will provide the Applicant with a significant stake in New Zealand’s leading automotive aftermarkets parts distributor.
The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005.
|More information||Stephen P Ward|
PO Box 2402
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