| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 30 June 2026 |
| Pathway | Significant business asset – Primary consent |
| Investment | Acquisition of up to 100% of the shares in Qube Holdings Limited for consideration exceeding $100 million |
| Consideration | Approximately $909,000,000 (estimated enterprise value of the New Zealand business, implied from the transaction multiple) |
| Applicant | Rubik Australia Pty Limited Singapore 33% Australia 29% Luxembourg 20% United States of America 8% China 5% Various 5% |
| Vendors | ASX shareholders of Qube Holdings Limited Australia 58% United States of America 15% Various 27% |
| Background | The Applicant is a special purpose vehicle incorporated for the purpose of the Investment. It is majority indirectly owned and controlled by entities associated to Australian headquartered and ASX listed asset manager Macquarie Group Limited. It is acquiring the New Zealand business assets of Qube Holdings Limited, who are a logistics business that operate across the Pacific. In New Zealand its businesses operate national divisions focusing on logistics and port operations. This application was subject to a national interest assessment as the Applicant is a non-New Zealand government investor. Consent was granted as the national interest test was met. |
| More information | James Hawes and Michael Pollard Simpson Grierson (Auckland) Private Bag 92518 Auckland 1141 |