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

 


Reyrolle Pacific Holdings Receives Clearance

2 July 2002

Reyrolle Pacific Holdings Receives Commission Clearance

The Commerce Commission has approved an application from Reyrolle Pacific Holdings Limited to acquire 100% of the shares in VA Tech Reyrolle Pacific Limited, a wholly owned subsidiary of VA Tech Schneider High Voltage.

Commission Chair John Belgrave said the Commission is satisfied that the proposed acquisition would not have, nor would be likely to have, the effect of substantially lessening competition in the New Zealand market for the supply of 11kV indoor switchgear, as existing competition would act as an effective constraint on the merged entity.

The Commission’s written decision on the application will be available soon on the Commission’s website, www.comcom.govt.nz/adjudication.

Background
Reyrolle Pacific Holdings Limited is an investment consortium, which includes the Emerald Investment Group of companies, ANQ Investments Limited, Pacific General Securities Limited, Carlton-DFK Capital Limited, and a competitor of VA Tech Reyrolle Pacific – Motorpol New Zealand Limited. Of relevance to this application is Motorpol’s manufacture and supply of 11kV indoor switchgear to the New Zealand market.

VA Tech Reyrolle Pacific Limited is involved in the manufacture and supply of 11kV indoor switchgear to the New Zealand market and is based at Petone.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news