Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


September 2000 overseas investment approvals

CAFCA's analysis of the overseas investments approved by the Overseas Investment Commission in September 2000 are now available on CAFCA's web site At

CAFCA's submission on economic and trade relationships with Australia is also now on the site, at

The investments approved are listed below.

No applications were refused, maintaining a pattern.

The increasing concentration of our wine industry and the threatening takeover by Lion of Japan lead the stories.

Fishing company Ceebay is a joint venture between a Japanese company (Maruha Corporation) and a New Zealand company in which the Japanese company owns 24.9% but gets all the dividends. When changes were being considered to overseas investment rules which would have forced Maruha to sell its shareholding, it and the Japan Deep Sea Trawlers Association made truculent submissions positioning themselves for an action against the government.

Bill Rosenberg

September 2000 decisions

Montana takes Corbans, then Lion Nathan of Japan takes 28.2% of Montana Major French wine producer Henri Bourgeois buys land in Marlborough. . and Nobilo/BRL Hardy buys another vineyard in Hawkes Bay

Ceebay Holdings gets permission to continue to hold fishing quota

Commonwealth Bank of Australia takes last 25% of ASB Bank

WestpacTrust buys residential mortgages and loans from National Mutual/AXA

Hoyts back out of merger with Village Force

Italian firm buys dishwasher manufacturer, Washtech

Hertz Fleetlease buying vehicle leasing business from Hertz New Zealand

Change of Singapore owners to prepare for Queenstown hotel development

Pacific Steel buys land from Manukau City Council

Land for forestry

U.S. golf course owner in Kerikeri, Northland buys more land

Other rural land sales

© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>