| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 29 January 2025 |
| Pathway | Significant business assets |
| Investment | Acquisition of 100% of the shares in Yashili New Zealand Dairy Co., Limited |
| Consideration | $282,000,000 |
| Applicant | The a2 Milk Company Limited Australia 48% New Zealand 33% United States of America 7% Various 12% |
| Vendor | Yashili International Group Limited People’s Republic of China 56% North America Region 15% United Kingdom 13% Asia Pacific Region 8% Various 8% |
| Background | The Applicant is a widely held New Zealand registered company listed on the New Zealand and Australian stock exchanges. It sells infant nutrition and other dairy products. Yashili New Zealand Dairy Co., Limited is a manufacturer and supplier of nutritional formulated base powders for export. Through the transaction, the Applicant will also acquire Yashili’s manufacturing facility on non-sensitive land in Pōkeno. Consent was granted as the Applicant met the investor test criterion. |
| More information | Tara Wylie Simpson Grierson (Auckland) Private Bag 92518 Auckland 1141 |
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