|Date||27 November 2007|
|Offeror/applicant||Lion Nathan Limited|
|Ultimate applicant beneficial ownership||49.24 percent - Australia, Australian Public|
46.13 percent - Japan, Kirin Brewery Company Limited
4.49 percent - New Zealand, New Zealand Public
0.14 percent - Various, Persons who may be "overseas persons"
|Beneficial overseas ownership|
|- Asset current||0 percent|
|- Asset proposed||95.51 percent|
|- Share current||N/A|
|- Share proposed||N/A|
|Offeree(s)/seller(s)||Plumley (Harold Charles Francis) of New Zealand|
|Business activities||Construction - Commercial|
|Details of land involved||16.7013 hectares of freehold situated at 55 Ormiston Road, East Tamaki, Manukau City being Part CT NA82C/73 (North Auckland Registry).|
|Consent sought||To acquire an interest in land which, either alone or together with any associated land, exceeds 0.4 hectares and adjoins land that is listed, or in a class listed, as a reserve, a public park, or other sensitive area by the regulator under section 37.|
The application has been approved as it met the criteria.
The Overseas Investment Office is satisfied that the individuals with control of the Applicant collectively have business experience and acumen relevant to the overseas investment, and that the Applicant has demonstrated financial commitment towards the overseas investment. The Overseas Investment Office is further satisfied that each individual that exercises control over the Applicant is of good character and is not an individual of the kind referred to in section 7(1) of the Immigration Act 1987.
Outline and Rationale for Proposed Acquisition:
The proposal is likely to result in the following benefits:
|Contact||Greg Thompson/Chris Linwood|
P O Box 8