| Decision | Consent granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 29 April 2025 |
| Pathway | Significant business assets only |
| Investment | Acquisition of up to 50% of the ordinary shares and up to 50% of the redeemable shares in CDC Group Holdings Pty Limited that are currently held by Commonwealth Superannuation Corporation |
| New Zealand asset value | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Future Fund Board of Guardians acting in connection with the Future Fund |
| Vendor | Commonwealth Superannuation Corporation |
| Background | Future Fund Board of Guardians is an Australian statutory body corporate established under the Future Fund Act 2006 to invest funds on behalf of the Australian Commonwealth. The Applicant and the Vendor both have interests in Australian data centre operator CDC Group Holdings Pty Limited and its wholly owned New Zealand subsidiary. The Vendor currently owns approximately 24% of the ordinary shares and almost 8% of the redeemable preference shares. As a result of the investment, the Applicant will increase its aggregate interest in ordinary shares from approximately 24% to approximately 35%. Consent was granted as the Applicant has met the investor test criterion. The Minister of Finance has decided that the investment is not contrary to New Zealand’s national interest. |
| More information | Mark Forman |