| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 17 February 2026 |
| Pathway | Significant business assets |
| Investment | Acquisition of 100% of the shares in GNZ HoldCo Limited and NPD Group Investments Limited. |
| Asset value | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Astra Energy Group Limited New Zealand 59%, Australia 24%, United States of America 11%, Various 6%. |
| Vendors | The shareholders of GNZ Holdco Limited Australia 50%, United States of America 24%, New Zealand 11%, Germany 7%, Various 7% The shareholders of NPD Group Investments Limited New Zealand 100% |
| Background | Astra Energy Group Limited is acquiring all of the shares in GNZ Holdco Limited and all of the shares in NPD Group Investments Limited in order to merge the Gull and NPD fuel businesses. The Applicant is a recently incorporated New Zealand company created for this transaction. NPD is a retail-only operator supplying fuel from sites predominantly in the South Island (with a smaller number of sites in the North Island). Gull is a fuel importer and retailer supplying fuel from sites predominantly in the North Island (with a smaller number of sites in the South Island). Gull also owns and operates a bulk import and storage terminal at Mount Maunganui. Consent was granted as the Applicant has met the investor test criterion. |
| More information | Ashton Goatley Webb Henderson P O Box 105-426 Auckland |