Business Scoop


Vector staves off court proceedings

Press Release – Vector Limited

Today Vector announced it has successfully staved off Auckland High Court proceedings brought against it by a company controlled by Bernard Whimp who withdrew his case one day before a scheduled hearing of Vectors application to strike out the … Read more »

Westland inks conditional $588m deal to sell to Yili

Article – BusinessDesk

March 19 (BusinessDesk) – Westland Co-operative Dairy Company has signed a conditional agreement to sell the co-operative to Inner Mongolia Yili Industrial Group for $3.41 per share in a deal worth $588 million, including debt and liabilities. Read more »

Ryman Healthcare signs deal with Stroke Foundation

Press Release – Ryman Healthcare

Good news for thousands of New Zealanders the Stroke Foundations Big Blood Pressure Van will be on the road for another three years thanks to Ryman Healthcare. Read more »

Restaurant Brands takeover to be scaled

Article – BusinessDesk

March 14 (BusinessDesk) – Finaccess Capital will scale its $9.45 a share offer for Restaurant Brands New Zealand after acceptances exceeded its 75 percent upper limit. Read more »

Air NZ, Contact, Genesis, Z join in carbon forest project

Press Release – Drylandcarbon

Air New Zealand, Contact Energy, Genesis Energy and Z Energy have today announced the formation of Dryland Carbon LLP (Drylandcarbon), a limited liability partnership that will see the four companies invest in the establishment of a geographically … Read more »

Letter of issues for proposed merger of Knauf and USG

Press Release – Commerce Commission

The Commerce Commission has sent a letter of issues to Gebr. Knauf KG and USG Corporation in relation to their application seeking clearance to merge. Read more »

Vital’s manager shouldn’t have voted at AGM

Article – BusinessDesk

March 13 (BusinessDesk) – Vital Healthcare Property Trusts rebel investors have scored a symbolic victory with the trustee saying the trusts manager shouldn’t have voted at December’s annual meeting. Read more »

Seeka to buy Aongatete Coolstores

Article – BusinessDesk

Kiwifruit grower and marketer Seeka will purchase Aongatete Coolstores for a combined business value of $25 million as part of its growth strategy. Read more »

Briscoe Group reports 3% lift in FY net profit

Article – BusinessDesk

March 12 (BusinessDesk) – Retailer Briscoe Group reported a 3.4 percent lift in full year net profit despite what it said was “erratic consumer confidence.” Read more »

Finaccess wins control of Restaurant Brands

Article – BusinessDesk

March 12 (BusinessDesk) – Finaccess Capital has cleared the final hurdle to secure control of Restaurant Brands New Zealand in the final day of its partial takeover bid. Read more »

Bringing global investment opportunities to NZ

Press Release – CSGA

New Zealand is set to start hosting a prestigious business event later this month, which will be a unique opportunity for the country to promote tourism, commerce, logistics and educational products to nearly 2,000 overseas industry investors. Read more »

Wellington Airport eyes $100M bond offer

Article – BusinessDesk

March 11 (BusinessDesk) – Wellington International Airport is eyeing up a $100 million bond offer as companies continue to take advantage of the cheap money available through the listed debt market. Read more »

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