| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 6 May 2026 |
| Pathway | Significant business assets – Primary consent |
| Investment | Acquisition of up to 100% of the shares in Kenvue Inc. for consideration exceeding $100 million |
| Consideration | $269,000,000 |
| Applicant | Vesta Sub II, LLC. North America 83% Europe 11% United Kingdom 3% Various 3% |
| Vendor | Kenvue Inc. United States of America 73% United Kingdom 7% Europe 7% Various 13% |
| Background | The Applicant is wholly owned by Kimberly-Clark Corporation, a company from the United States that is active globally. It produces and markets personal care, consumer tissue, and professional products, focusing on health, hygiene, and comfort. This is part of a global transaction whereby the Applicant is acquiring control (by way of merger), of Kenvue Inc., a multinational health business active in the manufacturing and supply of health products. Consent was granted as the national interest test was met. |
| More information | Emma Quigley Bell Gully (Auckland) PO Box 4199 Auckland 1140 |