| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 21 September 2026 |
| Pathway | Significant business assets - Primary consent |
| Investment | Acquisition of up to 100% of the shares in LSG Sky Chefs New Zealand Limited for a consideration exceeding $100 million |
| Consideration | Approximately $236,355,000 |
| Applicant | Meal Hub Co., Ltd Japan 52% Various 45% Ireland 1% United States of America 1% United Kingdom 1% |
| Vendors | Airline Catering & Retail Invest Asia Pacific Limited Luxembourg 70% Germany 30% |
| Background | The Applicant is a joint-venture established by Japanese food companies Kobe Bussan Co., Ltd. and Gourmet Kineya Co., Ltd. It is buying up to 100% of the shares in airline and catering business LSG Sky Chefs New Zealand Limited, as part of a broader Asia-Pacific transaction. This is a retrospective application as an equitable interest in the shares was acquired without consent under the Overseas Investment Act 2005. Retrospective consent was considered to be appropriate given the inadvertent nature of the breach. Retrospective consent was granted as the national interest test was met. |
| More information | Hamilton Locke (NZ) Limited Auckland |
| Retrospective penalty | $40,000 |