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


ORIX applies re clearance to acquire Truck Leasing

Media Release

Issued 12 July 2006/006

ORIX New Zealand applies for clearance to acquire Truck Leasing

The Commerce Commission has received an application from ORIX New Zealand Limited seeking clearance to acquire 100% of the shares in Truck Leasing Limited (TLL), trading as Esanda FleetPartners, from UDC Finance Limited, a subsidiary of Australia and New Zealand Banking Group Limited (ANZ).

ORIX New Zealand is a subsidiary of ORIX Australia Corporation Limited, which provides vehicle lease and fleet management services in Australia and New Zealand. ORIX Australia is in turn a subsidiary of ORIX Corporation Japan.

Esanda FleetPartners is the specialist vehicle lease and fleet management business of ANZ with operations in both Australia and New Zealand. TLL runs the New Zealand operations of Esanda FleetPartners and is primarily a provider of vehicle leases and fleet management services.

In considering the application, the Commission’s role is to determine whether the acquisition has the effect of substantially lessening competition in a market.

A public version of the application will shortly be available on the Commission’s website under Public Registers.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. 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>>


Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. 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>>