Darley-Graze Holding Limited and FinaNuts Holding Pty Limited
Case number(s)
Decision date

Consent granted 
Section 12(1)(a) Overseas Investment Act 2005

Decision maker Overseas Investment Office
Decision date 30 August 2022
Pathway(s) Profit a Prendre
Investment 100% of the shares in Trees for Kiwis Limited

Withheld under section 9(2)(b)(ii) of the Official Information Act 1982

Applicants Darley-Graze Holding Limited and FinaNuts Holding Pty Limited
Vendor B & K Limited and Tompkins Wake Custodians (PLFNZ) Limited (together holding all shares in Trees for Kiwis Limited)

The Applicants applied for consent to acquire 100% of the shares in Trees for Kiwis Limited, a New Zealand owned company which holds a profit a prendre forestry right over 6,294 hectares of land in Wairoa (Land).

Darley-Graze Holding Limited is currently owned by B & K Limited, FinaNuts Holding Pty Ltd and Tompkins Wake Custodians (PLFNZ) Limited. FinaNuts Holding Pty Ltd is an indirect subsidiary of Société Financière des Sucres Société Anonyme (Finasucre). Finasucre is a Belgium based company involved in the sugar and lactic acid industries. Through the investment the Applicants will replant 1,000 hectares of the Land with native Mānuka trees.

The Applicants have satisfied the investor test criterion.

The main benefits to New Zealand include additional investment of $3 million; creation of 3 new FTE roles; future export receipts generated from the export of Mānuka honey;  expanding the plantation by replanting 1,000 hectares of native Mānuka trees; the management of wilding pines; and increasing native bird habitats.

More information

Amanda Spratt
MinterEllisonRuddWatts (Auckland)