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

 

Toll Owens cleared to acquire marshalling assets

11 October 2006/054

Toll Owens cleared to acquire John Ray’s log marshalling assets

The Commerce Commission has cleared Toll Owens Limited (Toll Owens) to acquire the log marshalling assets of John Ray Limited (John Ray).

Commission Chair Paula Rebstock said that the Commission was satisfied that the proposed acquisition would not have, or would not be likely to have, the effect of substantially lessening competition in any of the relevant markets.

Toll Owens is a joint venture company owned 50% by Port of Tauranga Limited and 50% by Toll Limited. Toll Owens’ services include marshalling, stevedoring, warehousing, ships agency, transport and cruise line services at New Zealand ports. Toll Owens subsidiaries include: Owens Cargo Company Limited; TLNZ Limited; and TLNZ Auckland Limited.

John Ray is a privately-owned business involved in log-harvesting and in the provision of log marshalling services. It is the sole provider of log marshalling services at Centreport in Wellington and at the Port of Taranaki.

A public version of the written decision will shortly be available on the Commission’s website, www.comcom.govt.nz under Public Registers.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

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:

Crown Accounts: Govt Books In Line With Forecasts

The Government’s financial statements for the four months to 31 October indicate the books are tracking along with Treasury’s Budget forecasts, Finance Minister Grant Robertson says. More>>

ALSO:

Expert Reaction: Ross Sea Region Marine Protected Area In Force

Sweeping new protections for Antarctica's Ross Sea will come into effect on Friday 1 December. After five years of debate, the marine protected area (MPA) was agreed in 2016 after a joint proposal by New Zealand and the United States... More>>

ALSO: