Section 13(1)(a) Overseas Investment Act 2005
|Decision date||22 July 2011|
|Investment||An 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.|
|Applicant||Asahi 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%)
|Vendor||Existing shareholders of Charlie's Group Limited|
New Zealand (100%)
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 information||David G Boswell|
PO Box 4199