Overseas Investment Office
Radio New Zealand House
155 The Terrace
PO Box 5501
Our Ref: 201320041
Wellington 6145
New Zealand
26 September 2014
+64 4 460 0110
www.linz.govt.nz
Grace Haden
BY EMAIL
Dear Grace
1.
I refer to your Official Information Act request of 10 September 2014 and
respond as follows.
2.
It is clear from paragraph 4 of the report attached to the OIO’s 29 March 2012
recommendation that the registration of Milk New Zealand Holding Limited as
an overseas company was to take place “prior to acquiring the investment”.
3.
Milk New Zealand Holding Limited did not acquire the investment. Milk New
Zealand Holding Limited altered its decision about how it was going to structure
the purchase and submitted an application. The application sought to vary the
consent so that a New Zealand subsidiary could complete the purchase.
4.
Consent was granted to the application for variation, and the New Zealand
subsidiary proceeded to purchase the farms in accordance with the varied
consent.
Yours sincerely
Pete Hill
Research and Support Officer
Overseas Investment Office
DDI: +64 4 460 2784
Email: [email address]
A1815534