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

 


Bledisloe cleared to acquire Cremation Society

Bledisloe New Zealand cleared to acquire Cremation Society of Canterbury and Harewood Memorial Gardens & Crematorium


The Commission has granted clearance to Bledisloe New Zealand Limited (Bledisloe) to acquire the business and assets of Cremation Society of Canterbury Limited and Harewood Memorial Gardens & Crematorium Limited.

Bledisloe provides funeral directing services and memorial markers (such as headstones and grave markers) in Christchurch, while the Cremation Society of Canterbury and Harewood Gardens & Crematorium provide cremation services and memorial gardens.

As a result of the acquisition, Bledisloe will add cremation services and memorial gardens to its existing Christchurch funeral directing and memorial markers business.

The Commission is satisfied that the acquisition will not have, or would not be likely to have, the effect of substantially lessening competition in the markets for the supply of funeral directing services, cremation services or memorial markers.

“The merged firm will continue to face competition from a number of existing funeral directors and providers of cremation services in Christchurch as well as a large number of memorial marker suppliers around the country. We are therefore satisfied that there is unlikely to be a substantial lessening of competition in these markets,” said Commerce Commission Chairman Dr Mark Berry.

A public version of the written reasons for the decision will be available shortly on the Commission’s website:http://www.comcom.govt.nz/business-competition/mergers-and-acquisitions/clearances/clearances-register/


ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: NZ Wool Exports Jump To The Highest In More Than A Decade

New Zealand wool exports jumped to their highest level in more than a decade in June, aided by a lower currency and strong demand from China, the nation’s largest market. More>>

ALSO:

Surreal Estate: Home Values Rise At Fastest Rate In Seven Years

The latest monthly QV House Price Index shows that nationwide residential property values for July have increased 10.1% over the past year which is the fastest annual rate since 2007... The Auckland market has increased 18.8% year on year. More>>

ALSO:

New Employment Laws: Talley’s AFFCO Workers To Strike

The decision comes after the Talley’s owned company walked away from mediation last week and applied to end bargaining under the government’s new employment laws - the first such application since the law came into effect. More>>

ALSO:

Private Action: Employer Pleads Guilty Over Forestry Death

The CTU has always known that the death of forestry worker Charles Finlay was due to the poor health and safety practices of his employer... "The CTU, with the support of Charles’s family, needed to take this ground breaking private prosecution." More>>

ICT Innovation: Six NZ Finalists In World Summit Awards

The awards are a global showcase of 40 projects, across eight categories, with a special emphasis on those which show the benefits of information and communication technology for the development of communities. New Zealand has finalists in six of the eight categories. More>>

ALSO:

Final Frontier: Rocket Lab And NASA Sign Commercial Space Launch Agreement

Rocket Lab has signed a Commercial Space Launch Act Agreement with the National Aeronautics and Space Administration (NASA). The agreement enables Rocket Lab to use NASA resources - including personnel, facilities and equipment - for launch and reentry efforts. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news