March 2000 overseas investment approvals
CAFCA's analysis of the overseas investments approved by the Overseas Investment Commission in March 2000 are now available on CAFCA's web site at http://canterbury.cyberplace.org.nz/community/CAFCA/cafca00/Mar00.html
The investments approved are listed below.
Lowlights are the continued trading in our energy companies. Natural Gas of Australia has now a dominant position in electricity retailing (though the Commerce Commission doesn't think so).
March 2000 decisions
Natural Gas Corporation buys TransAlta New Zealand
United Networks (Utilicorp) buys gas distribution business from Orion
Marconi buys Harvest Group retail automation manufacturer
Mystery surrounds U.S. purchase of 25% of Mylestom Holdings Ltd
Juken Nissho buys more land for its Kaitaia mills
Land for forestry
Further 589 hectares sold to U.S. owners of Puketiti Station in King Country
U.S. partner increases share of 12,000 hectare Wyuna Station to 60%
Japanese owner of Taupo development crashes and sells to Swiss creditor
More land for Martha Mine, Waihi