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

 

Port Of Tauranga Application To Acquire Owens

Media Release

Issued 11 December 2001/127

Commerce Commission receives clearance application from Port of Tauranga to acquire Owens

The Commerce Commission has received an application from Port of Tauranga Limited (PTL) for clearance under the Commerce Act to acquire 100% of the assets or shares of Owens Services BOP Limited (Owens).

PTL's principal activities are the ownership and operation of the wharf infrastructure and marine services at the Port of Tauranga. PTL is also a 50% shareholder of Northport Limited, which is currently constructing a new wharf facility at Marsden Point, Northland.

Owens business activities include log marshalling, materials and wharf handling, mechanical services and shipping agency.

In considering the application, the Commission's role is to determine whether the merger has the effect of substantially lessening competition in any markets.

A public version of PTL's application will soon be available on request from the Commerce Commission. Please contact Catherine Best, (04) 498-0953.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>

ALSO:

Māui And Hector’s Dolphins: WWF/Industry Counter Offer On Threat Management Plan

Forest & Bird says WWF-NZ's plan for protecting Māui dolphins is based on testing unproven methods on a species that is almost extinct, and is urging the Government to reject the proposal. More>>

ALSO:

Industry Report: Growing Interactive Sector Wants Screen Grants

Introducing a coordinated plan that invests in emerging talent and allows interactive media to access existing screen industry programmes would create hundreds of hi-tech and creative industry jobs. More>>

ALSO:

Ground Rules: Government Moves To Protect Best Growing Land

“Continuing to grow food in the volumes and quality we have come to expect depends on the availability of land and the quality of the soil. Once productive land is built on, we can’t use it for food production, which is why we need to act now.” More>>

ALSO: