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


Commission grants clearance to Port of Tauranga

24 September 2004-05/036

Commission grants clearance to Port of Tauranga and Toll

The Commerce Commission has cleared the acquisition by a yet to be formed joint venture company, Newco, owned 50 percent by Port of Tauranga Limited and 50 percent by Toll Limited, of all the shares in The Owens Cargo Company Limited, Toll Logistics (NZ) Limited and Leonard and Dingley Limited.

In making its decision, the Commission considered a number of markets involving the provision of land-based services for the import and export of different types of cargo.

Commission Chair Paula Rebstock said the Commission was satisfied that the proposed acquisition would not have, nor would be likely to have the effect of substantially lessening competition in any of the relevant markets due to existing competition or countervailing power in those markets.

A public version of the Commission’s decision will be available shortly on the Commission’s website, under Adjudication.

Background Port of Tauranga is a Tauranga based port company listed on the New Zealand Stock Exchange. Its main activities are the ownership and operation of the wharf infrastructure and marine services at the Port of Tauranga.

Owens Cargo is a wholly-owned subsidiary of Port of Tauranga. Its main services are log and general cargo marshalling, inventory management, storage, consolidation and container handling.

Toll is owned by Toll Group (NZ) Limited, which is wholly-owned by Toll Holdings Limited (Australia). In NZ, Toll has an integrated national network of rail, road and sea freight transportation, distribution and logistics management services, and inter-island and urban passenger services.

Toll Logistics is a wholly-owned subsidiary of Toll. Its services include log stevedoring services and general cargo marshalling and stevedoring at several ports in NZ.

Leonard & Dingley is also a wholly-owned subsidiary of Toll, and specialises in stevedoring services at the Ports of Auckland.


© 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>>