| Decision | Consent granted Section 13(1)(c) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 13 May 2022 |
| Pathway(s) | Significant business assets only |
| Investment | Acquisition of assets (intellectual property & contracts) in New Zealand, owned by Coca-Cola Europacific Partners NZ Limited |
| Asset Value | NZ$137,546,686 |
| Applicant | The Coca-Cola Company and Coca-Cola Oceania Limited USA (56.1%) UK (4.4%) Various (39.5%) |
| Vendor | Coca-Cola Europacific Partners New Zealand Limited USA (41.5%) Spain (36.9%) United Kingdom (6.6%) Various (14.9%) |
| Background |
The Coca-Cola Company and its New Zealand subsidiary Coca-Cola Oceania Limited are seeking to acquire New Zealand beverage brands currently owned by Coca-Cola Europacific Partners NZ. This transaction forms part of a larger transaction by various members of The Coca-Cola Group to acquire brands ultimately owned by companies within the Coca-Cola Europacific Partners Plc group in New Zealand, Australia and Fiji. The OIO is satisfied that the investor test has been met. |
| More information | Susie Kilty Buddle Findlay (Wellington) PO Box 2964 Wellington 6140 |