| Decision | Consent Granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 31 January 2024 |
| Pathway(s) | Significant Business Assets |
| Investment | Acquisition of up to 100% of the shares in Viterra Limited whose assets exceed $100 million. |
| Consideration | $395,248,000 |
| Applicant | Bunge Global SA United States of America (70%) United Kingdom (8%) Various (22%) |
| Vendor | Viterra Limited Canada (50%) Channel Islands (50%) |
| Background | The Applicant is a Swiss incorporated global agribusiness and food company listed on the New York Stock Exchange, with headquarters in the United States. The Applicant is acquiring 100% of the shares in Viterra Limited, an agribusiness company that is headquartered in the Netherlands. Viterra’s business includes origination, storage, handling, and marketing of commodity crops. Consent was granted as the Applicant met the investor test criterion. |
| More information | Simon Peart Chapman Tripp (Auckland) PO Box 2206 Auckland 1140 |