Section 12(a) Overseas Investment Act 2005
|Decision Maker||Overseas Investment Office|
|Decision Date||28 September 2018|
|Investment||An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 4 hectares of freehold land located at 1865 – 1905 Clutha Valley Road, Greenfield.|
|Consideration||Withheld under s9(2)(a) of the Official Information Act|
|Applicant||Danone Nutricia NZ Limited|
European Public (42.9%)
United States Public (35.4%)
Various overseas persons (21.7%)
|Vendor||R G Paterson Holdings Limited|
New Zealand public (100%)
|Background||The relevant land adjoins existing land owned by the Applicant upon which it operates a milk processing facility. The facility produces dairy nutritional powders suitable for infant formulas.|
The Applicant intends to expand the facility. In the short term, this expansion will be focused on reducing the environmental impact of the facility through the addition of a new boiler and waste water plant. The increased site will also provide additional car parking.
The expansion will likely make the facility more efficient and productive, result in the creation of three new jobs and reduce energy costs and carbon emissions.
|More information||Glenn Shewan|
PO Box 4199