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

 

Commission reconvenes conference on wool scouring

Media Release

Issued 24 August 2015
Release No. 20

Commission reconvenes conference on wool scouring authorisation

The Commerce Commission is to reconvene its conference on Cavalier Wool Holding Limited’s application for authorisation to acquire New Zealand Wool Services International's wool scouring business.

The conference will be held on Tuesday 1 September to consider specific issues relating to property valuations, which form part of Cavalier’s application.

The conference, to be held at the Commission’s Wellington office, is closed to the general public as the property valuations are entirely confidential.

All information relating to this application can be found here.

Background
On 23 October 2014 the Commission received an application from Cavalier Wool Holdings Limited seeking authorisation to acquire 100% 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.

A conference was held on 10 June 2015 to assist the Commission in making a final determination on Cavalier Wool Holdings Limited’s application. The conference did not include a session on property valuations. However, parties were notified that they would have the opportunity to submit on property valuations at a later date.

A second conference to discuss property valuations was scheduled for 5 August; however, this was postponed after the Commission received new confidential information that had yet to be tested.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>

ALSO:

Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>

ALSO:

Māui And Hector’s Dolphins: WWF/Industry Counter Offer On Threat Management Plan

Forest & Bird says WWF-NZ's plan for protecting Māui dolphins is based on testing unproven methods on a species that is almost extinct, and is urging the Government to reject the proposal. More>>

ALSO: