Applicant
Astra Energy Group Limited
Case number(s)
202600024
Decision date
Type
Decision
Topic
Overseas investment
DecisionConsent granted
Section 13(1)(a) Overseas Investment Act 2005
Decision makerToitū Te Whenua Land Information New Zealand
Decision date17 February 2026
PathwaySignificant business assets
InvestmentAcquisition of 100% of the shares in GNZ HoldCo Limited and NPD Group Investments Limited.
Asset valueWithheld under section 9(2)(b)(ii) of the Official Information Act 1982
Applicant

Astra Energy Group Limited

New Zealand 59%, Australia 24%, United States of America 11%, Various 6%.

Vendors

The shareholders of GNZ Holdco Limited

Australia 50%, United States of America 24%, New Zealand 11%, Germany 7%, Various 7%

The shareholders of NPD Group Investments Limited

New Zealand 100%

Background

Astra Energy Group Limited is acquiring all of the shares in GNZ Holdco Limited and all of the shares in NPD Group Investments Limited in order to merge the Gull and NPD fuel businesses. The Applicant is a recently incorporated New Zealand company created for this transaction.

NPD is a retail-only operator supplying fuel from sites predominantly in the South Island (with a smaller number of sites in the North Island). Gull is a fuel importer and retailer supplying fuel from sites predominantly in the North Island (with a smaller number of sites in the South Island). Gull also owns and operates a bulk import and storage terminal at Mount Maunganui.

Consent was granted as the Applicant has met the investor test criterion.

More information

Ashton Goatley

Webb Henderson

P O Box 105-426

Auckland