DecisionConsent granted
Section 13(1)(a) Overseas Investment Act 2005
Decision MakerOverseas Investment Office
Decision Date02/08/2021
Pathway(s)Significant business assets only
National Interest assessment
InvestmentAcquisition of 100% of the shares in Toll (New Zealand) Limited.
ConsiderationNZ$518,598
ApplicantNZ Logistics Holdings Limited
Australia (35.45%)
United States of America (22.78%)
Various (19.58%)
United Kingdom (11.49%)
Germany (10.70%)
VendorsToll Holdings Limited
Japan (100%)
Background

The Applicant is an indirect subsidiary of Allegro Funds Pty Limited which is an Australian incorporated private equity firm.

The Applicant is acquiring 100% of the shares in Toll (New Zealand) Limited from Toll Holdings Limited. This transaction is part of a wider global transaction which includes the purchase of certain Australian subsidiaries of the vendor.

The Applicant has satisfied the investor test. The Minister of Finance has determined that the Investment is not contrary to New Zealand’s national interest.

More information

Mark Stuart
MinterEllisonRuddWatts (Auckland)
PwC Tower Level 22 15 Customs Street West Auckland 1010