DecisionConsent granted
Section 13(1)(c) Overseas Investment Act 2005
Decision MakerOverseas Investment Office
Decision Date18 December 2018
InvestmentAn overseas investment in significant business assets, being the Applicant’s acquisition of a leasehold interest in approximately 1.568 hectares of non-sensitive land at Wiri Station Road, Auckland from the vendor for a full term of 65 years (including renewals) to operate a meat processing business.
ConsiderationExceeding $100,000,000
ApplicantHilton Foods New Zealand Limited
United Kingdom Public (86.0%)
North American Public (11.0%)
European Public (3.0%)
VendorMacquarie Group Holdings New Zealand Limited
Australian Public (70.0%)
Various, Various (30.0%)
Background

The Applicant’s ultimate parent Hilton Foods Group PLC is a publicly listed company in the United Kingdom, specialising in meat processing and supply in Europe.  The Applicant has been established in New Zealand to operate a meat processing business for the supply of meat products to supermarkets owned by Progressive Enterprises Limited.

The Applicant has satisfied the OIO that the individuals who will control the Investment have the relevant business experience and acumen and are of good character. The Applicant has also demonstrated financial commitment to the investment.

More informationTara Wylie
Simpson Grierson 
Private Bag 92518
Auckland 1141