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

 

Commission Clears CHH

Issued 5 July 2001/82

Commission Clears CHH's Proposed Acquisition Of Central North Island Forest Partnership, Subject To Divestment

The Commerce Commission today cleared Carter Holt Harvey Limited's (CHH) application for clearance to acquire the Central North Island Forest Partnership, subject to CHH divesting specified forestry assets.

Commission Chair John Belgrave said that subject to the divestment the Commission is satisfied that should the proposal go ahead CHH would not acquire or strengthen dominance in any market. The relevant markets in this case are those for the production and supply of:

* unpruned sawlogs in the Central North Island, excluding the Auckland and Hawkes Bay regions
* pruned sawlogs in the Central North Island
* pulplogs in the Central North Island, excluding the Auckland and Hawkes Bay regions
* woodchips in the Central North Island, excluding the Auckland and Hawkes Bay regions, and
* sawn timber in the North Island.

The Commission had concerns about the ongoing supply of pruned logs and the divestment undertakings relate to this market.

Mr Belgrave said that details of the Commission's decision will be available next week when public copies are released. However, details of the divestment undertaking are commercially sensitive and the Commission will treat them as confidential.

Media contact: Director Business Competition Branch Geoff Thorn Phone work (04) 498 0958, cellphone 021 661 104

Senior Advisor Communications Vincent Cholewa Phone work (04) 498 0920, home (04) 477 0039

Commission media releases can be viewed on its web site www.comcom.govt.nz


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO: