| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 29 July 2026 |
| Pathway | Significant business assets – Primary consent |
| Investment | Acquisition of 100% of the shares in Tucker Holdco Pty Ltd for consideration exceeding $100 million |
| Consideration | Withheld under s9(2)(b)(ii) the Official Information Act 1982 |
| Applicant | Danone S.A. United States of America 34% France 12% Rest of Europe 10% United Kingdom 9% Germany 5% Switzerland 3% Various 27% |
| Vendors | The current shareholders of Tucker Holdco Pty Ltd Singapore 70% Australia 23% Various 7% |
| Background | The Applicant is the holding company of the Danone Group, a France-headquartered multinational food and beverage business in the areas of dairy and plant-based products, specialised nutrition, and bottled waters. Through this Investment the Applicant is acquiring 100% of the shares in each of the NZ Group Companies which trade as the MADE Group and which manufacture dairy products. Consent was granted as the national interest test was met. |
| More information | Simon Peart Chapman Tripp (Wellington) PO Box 993 Wellington 6140 |