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Commerce Commission to hold conference on wool scouring

Commerce Commission to hold conference on wool scouring authorisation

The Commission will hold a one day conference on Wednesday 10 June 2015 to discuss matters relating to Cavalier Wool Holding Limited’s application for authorisation to acquire New Zealand Wool Services International's wool scouring business.

The conference will be held at The Majestic Centre, 100 Willis Street in Wellington.

The notification and agenda of the Conference as well as all other relevant information relating to the application for authorisation can be found on the Commission’s website at http://www.comcom.govt.nz/business-competition/mergers-and-acquisitions/authorisations/merger-authorisation-register/cavalier-and-new-zealand-wool/

The conference is public. All persons wanting to attend the conference are asked to contact registrar@comcom.govt.nz by Friday 5 June 2015.

Background
On 23 October 2104 the Commission received an application from Cavalier Wool Holdings Limited seeking authorisation to acquire 100 per cent of New Zealand Wool Services International's wool scouring business and assets. On 26 March 2015 the Commission released its Draft Determination which outlined the Commission’s preliminary view that it should authorise the application.

The purpose of the conference is to assist the Commission in making a final determination on Cavalier Wool Holdings Limited’s application. The Commission is due to make a final determination on the application on or before 26 June 2015.

ENDS

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