Decision Summary - Confidential
| Decision number | 200620057 |
|---|---|
| Application number | 200620037 |
| Date | 12 October 2006 |
| Offeror/applicant | CONFIDENTIAL |
| Ultimate applicant beneficial ownership | CONFIDENTIAL |
| Beneficial overseas ownership | |
| - Asset current | N/A |
| - Asset proposed | N/A |
| - Share current | 100 percent |
| - Share proposed | 100 percent |
| Offeree(s)/seller(s) | CONFIDENTIAL |
| Business activities | Electricity, Gas & Water Supply - Electricity & Gas Supply |
| Details of land involved | None. |
| Regions involved | Various |
| Total consideration | CONFIDENTIAL |
| Consent sought | CONFIDENTIAL |
| Rationale |
The application has been approved as it met the criteria. The Overseas Investment Office is satisfied that the individuals with control of the Applicant collectively have business experience and acumen relevant to the overseas investment, and that the Applicant has demonstrated financial commitment towards the overseas investment. The Overseas Investment Office is further satisfied that each individual that exercises control over the Applicant is of good character and is not an individual of the kind referred to in section 7(1) of the Immigration Act 1987. CONFIDENTIAL |
| Contact | Craig Nelson Simpson Grierson PO Box 92518 AUCKLAND |
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