| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 10 March 2025 |
| Pathway | Significant business assets |
| Investment | Acquisition of 100% of the shares in Egmont Honey Holdings Limited |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | New Zealand Nutrifoods Investment Group Limited People’s Republic of China 90% New Zealand 10% |
| Vendors | Société des Produits Nestlé S.A. James Toby Annabell & Young + Carrington Trustees (2016) Limited as trustees of the J.T Holdings Trust |
| Background | The Applicant is ultimately owned by a Chinese private equity fund. The Applicant is buying the business of Egmont Honey Holdings Limited and will work with current management to grow the business. This application was subject to a national interest assessment because the Applicant is considered a non-New Zealand Government investor due to the presence of non-New Zealand government investors from China. The Minister of Finance has decided that the Investment is not contrary to New Zealand’s national interest. Consent was granted as the Applicant met the investor test criterion. |
| More information | Joy Wang Dentons Kensington Swan 18 Viaduct Harbour Avenue Auckland |