ComCom sticks to its guns in rejecting NZME-Fairfax merger

Article – BusinessDesk

May 3 (BusinessDesk) – The Commerce Commission has stuck to its guns in rejecting a proposed tie-up between the country’s major news publishers Fairfax New Zealand and NZME, reiterating its concerns that while the merger could buy the companies … Read more »

StuffME decision highlights out-of-touch bureaucracy

Press Release – ACT New Zealand

The rejection of the NZME/Fairfax merger is a denial of modern media realities, says ACT Leader David Seymour. Read more »

Forager sees strong share gain for NZME if merger approved

Article – BusinessDesk

Forager sees strong share gain for NZME if merger approved, less downside if it isn’t Read more »

Council adopts first-of-its-kind ‘Three Waters’ contract

Press Release – Horowhenua District Council

Horowhenua District Council is leading the way again by adopting a first-of-its-kind Three Waters contract for the operations, maintenance and renewals of its drinking-water, wastewater and stormwater assets. Read more »

Ports of Auckland buys Nexus Logistics

Press Release – Ports of Auckland

Ports of Auckland has today acquired Netlogixs 50% shareholding of Nexus Logistics and its 100% subsidiary CONLINXX. Read more »

NZ angel funding hits record $69 million in 2016

Article – BusinessDesk

May 1 (BusinessDesk) – Angel networks and funds invested a record $69 million into young New Zealand companies in 2016 and software and services continued to take the bulk of the money, the New Zealand Venture Investment fund said. Read more »

Genesis agrees to buy LPG assets from Todd’s Nova Energy

Article – BusinessDesk

May 1 (BusinessDesk) – Genesis Energy has agreed to acquire the retail LPG business of Todd Corp’s Nova Energy unit for $192 million, a move that will give New Zealand’s biggest electricity retailer almost a fifth of that market. Read more »

NZ King Salmon to get $1.8 million earnings boost

Article – BusinessDesk

May 1 (BusinessDesk) – New Zealand King Salmon Investments will get a $1.8 million boost to annual profit after reaching a deal with a supplier over extra costs the fishing farmer had worn on its books in earlier years. Read more »

Peka Peka Interchange Back On The Agenda

Press Release – Kapiti Coast Chamber Of Commerce

Finance and Infrastructure Minister, Hon Steven Joyce, has signalled his support for a new interchange servicing the Peka Peka and Te Horo communities, as part of the next stage of the Kapiti Expressway. Read more »

NZ wool auction volumes remain high

Article – BusinessDesk

April 28 (BusinessDesk) – Volumes at New Zealand’s weekly wool auction were higher than normal for this time of year as farmers try to shift bales they held back from previous auctions due to weak prices. Read more »

Another day to wait on Fairfax NZ, NZME merger deal

Article – BusinessDesk

April 28 (BusinessDesk) – Fairfax New Zealand and NZME will have to wait one more day before finding out whether their arguments have swayed the Commerce Commission from its draft decision to reject a merger between the country’s two dominant newspaper … Read more »

Metlifecare buys Botany site for new $140 million village

Article – BusinessDesk

April 28 (BusinessDesk) – Metlifecare has bought a 2.4 hectare site in Auckland’s Botany suburb which it plans to spend $140 million developing into a 160-unit retirement village. Read more »

Sale of Mainland Poultry to Navis Capital

Press Release – Minter Ellison Rudd Watts

Shareholders of New Zealand’s biggest egg producer Mainland Poultry, have reached an agreement to sell to Private Equity firm Navis Capital. Read more »

Navis Capital acquires majority stake in Mainland Poultry

Article – BusinessDesk

April 27 (BusinessDesk) – Private equity firm Navis Capital has acquired a majority stake in Mainland Poultry, whose businesses include New Zealands biggest egg producer, and is reportedly interested in buying Freshmax, the Australian-registered, NZ-based … Read more »

Michael Cullen and Mike O’Brien: Menace of social investment

Press Release – New Zealand Fabian Society

Sir Michael Cullen and Mike OBrien – The menace of the social investment approach! – Thurs May 4th – Auckland Read more »

Authorisation for Nelson and Tasman Councils’ joint landfill

Press Release – Commerce Commission

Issued 24 April 2017 Release No. 102 Commission grants authorisation to Nelson and Tasman Councils joint landfill application The Commerce Commission has granted authorisation, subject to conditions, to allow the Nelson City Council and the Tasman … Read more »

Gentrack buys controlling stakes in airport software firms

Article – BusinessDesk

April 24 (BusinessDesk) – Gentrack Group wants to double earnings from its airport software business by 2019 after buying controlling stakes in two European companies for some $19.8 million. Read more »

NZ Super Fund writes off investment in Ogin

Article – BusinessDesk

April 21 (BusinessDesk) – The New Zealand Superannuation Fund has completely written off the value of its investment in US wind turbine company Ogin which is in the process of being wound down. Read more »

Christchurch Airport to boost Chinese visitor spending

Press Release – Christchurch Airport

21 April 2017: Christchurch Airport has signed a Memorandum of Understanding with Alibaba, the worlds largest retail commerce company, to connect small and regional New Zealand businesses with Chinese visitors before, during and after their visit, … Read more »

UPDATE: Abano in spat with biggest shareholde

Article – BusinessDesk

April 20 (BusinessDesk) – Abano Healthcare Group’s spat with its biggest shareholder Healthcare Partners Holdings degenerated into public accusations of lying as the parties prepare to face each other in the court room over a $566,000 bill. Read more »

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