DecisionConsent granted
Section 13(1)(a) Overseas Investment Act 2005
Decision date22 July 2011
InvestmentAn overseas investment in significant business assets, being the Applicant's acquisition of rights or interests in up to 100.0% of the shares of Charlie's Group Limited, the consideration of which exceeds $100m.
Consideration$129,300,743
ApplicantAsahi Beverages New Zealand Limited and Asahi Group Holdings, Ltd.
Japanese Public (74.1%)
United States Public (12.4%)
Various, Various (6.0%)
United Kingdom Public (6.0%)
Australian Public (1.5%)
VendorExisting shareholders of Charlie's Group Limited
New Zealand (100%)
Background

Asahi Group Holdings, Ltd. (“Asahi”), believes the acquisition is consistent with its current business strategy and that Charlie’s Group Limited’s business will complement other businesses within the Asahi group.

The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005.

More informationDavid G Boswell
Bell Gully
PO Box 4199
AUCKLAND 1140