ASX-listed Caltex Australia agrees to buy Gull NZ

Article – BusinessDesk

Dec. 22 (BusinessDesk) – Caltex Australia has agreed to buy Gull New Zealand for $340 million, giving the ASX-listed fuels company a foothold on this side of the Tasman with about 5 percent of the market. Read more »

Bapcor gets OIO approval to buy Hellab

Article – BusinessDesk

Dec. 22 (BusinessDesk) – Bapcor, the ASX-listed auto-parts company, says it’s confident it will get acceptances for more than 50 percent of Hellaby Holdings under its takeover offer and may waive its 90 percent ownership condition. Read more »

Augusta to buy 33 Broadway in Auckland for $143 mln

Article – BusinessDesk

Dec. 22 (BusinessDesk) Augusta Capital said its Augusta Funds Management unit has inked a deal to purchase a development in Newmarket, Auckland, for $143 million. Read more »

Commerce Commission backs away from Spark deregulation

Article – BusinessDesk

Dec. 22 (BusinessDesk) – The Commerce Commission has backed away from a draft view that Spark New Zealand’s wholesale voice services should be deregulated, instead recommending new Telecommunications Minister Simon Bridges revisit the issue in two … Read more »

Vend raises $13 million in new funding

Press Release – Vend

Movac, Square Peg Capital and Jasmine Investments co-lead fundraising, to support growth plans in key international markets. Read more »

Regulation of Spark’s wholesale voice services under review

Press Release – Commerce Commission

The Commerce Commission has completed its investigation of whether to recommend to the Minister for Communications that Sparks wholesale voice services provided on copper lines should be deregulated. Read more »

Rifa offer for Airwork near top of assessed range

Article – BusinessDesk

Dec. 21 (BusinessDesk) – Zhejiang Rifa Holding Group’s partial takeover offer for Airwork Holdings is near the top of independent adviser Grant Samuel’s assessed value range for the shares. Read more »

Overseas Investment approval received

Press Release – Bapcor Limited

Bapcor is pleased to advise that it has received approval under the New Zealand Overseas Investment Act 2005 for its Takeover Offer for Hellaby Holdings Limited. Read more »

NZWSI Market Report: Wool Market Steadies

Press Release – Wool Services International

New Zealand Wool Services International Ltds CEO, Mr John Dawson reports that the 6700 bales of North Island wool on offer saw a 93 percent clearance with most types firm to dearer. Read more »

Intueri turned down for A$6M uplift in VHF funding

Article – BusinessDesk

Dec. 21 (BusinessDesk) – Intueri Education Group says the Australian Department of Education and Training has declined its application for an A$6 million uplift in VHF funding for its Conwal unit and it has slashed its 2016 earnings guidance … Read more »

Sealegs signals global expansion plans with new name

Article – BusinessDesk

Dec. 20 (BusinessDesk) – Auckland-based Sealegs, which manufactures and sells amphibious boats and systems in New Zealand and overseas, today announced plans to expand globally and to change its name. Read more »

CC cuts rate of return for monopoly electricity networks

Article – BusinessDesk

Dec. 20 (BusinessDesk) – The Commerce Commission has cut the rate of return that local electricity lines networks and national grid owner Transpower can charge in its latest decisions on monopoly network pricing. Read more »

Mainfreight appoints 2 women CFOs as non-executive directors

Article – BusinessDesk

Dec. 20 (BusinessDesk) Mainfreight, the transport and logistics group, said two women, Kate Parsons and Sue Tindal, will join the company as non-executive directors starting on Jan. 1. Read more »

NZ food prices follow seasonal patterns in November increase

Article – BusinessDesk

Dec. 20 (BusinessDesk) – New Zealand food prices rose slightly in November after adjusting for typical seasonal patterns. Read more »

International Anti-Money Laundering Supervisors meet

Press Release – Department Of Internal Affairs

The Department of Internal Affairs represented New Zealand at an international forum in Washington of supervisors who combat money laundering and terrorism financing (on 8 December). The other NZ supervisors under the Anti-Money Laundering and Countering … Read more »

Didn’t get what you expected this Christmas?

Press Release – Ministry of Business Innovation and Employment

It might not work, it might break on first use, or maybe it just doesnt do what its supposed to. Before you create a rubbish pile labelled Christmas junk, Consumer Protection urges you to be aware of your rights under the Consumer Guarantees … Read more »

Dairy prices on the rise after sustained low

Press Release – Statistics New Zealand

Food prices fell 0.1 percent in November, Statistics New Zealand said today. Seasonally lower prices for vegetables in November were mostly offset by higher prices for dairy, meat, and fruit. After seasonal adjustment, food prices rose 0.3 percent. Read more »

Charges filed over ‘made in New Zealand’ claims

Press Release – Commerce Commission

Topline International Limited (Topline) and its director Jeffrey Bernard Cook each face 22 charges brought by the Commission for falsely representing that its NatureBee Potentiated Bee Pollen (NatureBee) supplement was a New Zealand made and sourced … Read more »

Review of rules for regulated electricity, gas, airport

Press Release – Commerce Commission

Commission releases final decisions on review of rules for regulated electricity, gas and airport services Read more »

China’s Rifa reaches 59% acceptances of Airwork

Article – BusinessDesk

Dec. 19 (BusinessDesk) – Zhejiang Rifa Holding Group said it has acceptances for 59 percent of Airwork Holdings in its partial takeover of the Auckland-based aircraft services business. Read more »

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