Decision Summary - Impress New Zealand Holdings Limited

Decision number	200720047
Application number	200720062
Date	24 October 2007
Offeror/applicant	Impress New Zealand Holdings Limited
Ultimate applicant beneficial ownership	62.1 percent - United Kingdom, United Kingdom Public 32.78 percent - Netherlands, Dutch Public 3.87 percent - United States of America, United States Public 1.25 percent - Various, Various overseas persons
Beneficial overseas ownership
- Asset current	N/A
- Asset proposed	N/A
- Share current	100 percent
- Share proposed	100 percent
Offeree(s)/seller(s)	Amcor Packaging (NZ) Limited 100 percent - Australia, Amcor Limited
Business activities	Manufacturing - Other
Details of land involved	None
Regions involved	Various
Total consideration	$16,790,936
Consent sought	To acquire up to 100 percent of the shares of Rocma FCA (NZ) Limited.
Rationale	The application has been approved as it met the criteria. The Overseas Investment Office is satisfied that the Applicants have business experience and acumen relevant to and are demonstrating financial commitment towards the investment. The Overseas Investment Office is further satisfied that the Applicants are of good character and not the kind of persons referred to in section 7(1) of the Immigration Act 1987. Background: Impress New Zealand Holdings Limited (Impress) is a wholly owned subsidiary of Impress Group B.V. a global market leader in the consumer metal packaging industry. Its areas of operation include the provision of metal packaging in the markets for food and dairy, paints and coatings and aerosols, primarily in Europe, Asia and the United States of America. Outline and Rationale for Proposed Investment: The proposed investment involves the purchase of an established New Zealand food-can and aerosol manufacturing business that is complementary to Impress Group B.V.'s overseas operations. The proposed acquisition of Rocma FCA (NZ) Limited (Rocma NZ) will allow Impress access into the New Zealand market.
Contact	Glenn Joblin/Ryan Ellis Bell Gully P O Box 4199 AUCKLAND 1140

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