| Decision number | 200620019 |
|---|---|
| Application number | 200620012 |
| Date | 31 July 2006 |
| Offeror/applicant | ORIX New Zealand Limited |
| Ultimate applicant beneficial ownership | 100 percent - Japan, ORIX Corporation |
| Beneficial overseas ownership | |
| - Asset current | N/A |
| - Asset proposed | N/A |
| - Share current | 100 percent |
| - Share proposed | 100 percent |
| Offeree(s)/seller(s) | UDC Finance Limited 100 percent - Australia, ANZ Banking Group Limited |
| Business activities | Transport & Storage - Road Transport |
| Details of land involved | None |
| Regions involved | Various |
| Total consideration | CONFIDENTIAL |
| Consent Sought | To acquire up to 100 percent of the shares of Truck Leasing Limited. |
| 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/Marina Andrew Simpson Grierson Private Bag 92518 AUCKLAND |