| Decision | Consent granted Section 12(1)(b) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 23 December 2025 |
| Pathway | Sensitive land – Benefit test |
| Investment | Acquisition of up to 100% of the shares in PF Olsen Group Holdings Limited, which gives an indirect interest in approximately 126.5 hectares of sensitive land. |
| Consideration | $40,000,000 |
| Applicants | Rakau Bidco Limited Australia 48% |
| Vendors | Various Public New Zealand 99% |
| Background | The Applicant is ultimately owned by funds managed by Adamantem Capital Management Pty Limited, a private capital firm based in Australia. The land is used by PF Olsen Group for its business providing forestry management, including growing of seed and tree stock. The Applicant will continue this use of the land. The investment will result in increases in productivity, increases in export receipts for New Zealand and increased processing of primary products. Consent was granted as the Applicant met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | JB Jayne Barclay Simpson Grierson (Auckland) Private Bag 92518 Auckland 1141 |