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

 

Turners & Growers And United Flower Auction

Turners & Growers applies for clearance to acquire United Flower Auction assets


The Commerce Commission today received an application for clearance to merge two flower auction businesses in Auckland.

Turners & Growers Limited has applied for clearance to acquire the businesses and certain assets of United Flower Auction Limited, excluding its export business.

The Commission's Commerce Act Manager, Geoff Thorn, said that the Commission expects to make its decision by July 19.

Mr Thorn said that the Commission must determine what are the relevant markets for the proposal and what impact the acquisition would have on competition in those markets.

The Act prohibits business acquisitions that result in dominance being acquired or strengthened in any markets. A clearance is granted if the Commission is satisfied that dominance would not be acquired or strengthened.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Trading Trade Me: British Private Equity Firm Signals Takeover

Trade Me Group says British private equity firm Apax Partners has approached it with a non-binding indicative offer to take it over for $6.40 per share. More>>

ALSO:

Trees: Surge Funding For Kauri Dieback And Myrtle Rust Research

“The $13.75 million investment announced today will mean that scientists can begin critically important research into kauri dieback and myrtle rust. It is vital that we get this work underway now to ensure that we combat these two pathogens and protect these taonga species." More>>

ALSO:

In Time For The Cup: Spark Sets 5G Date, Without Any Spectrum

Spark chief executive Simon Moutter has a big hairy audacious goal, to get the company's 5G mobile network up and running by July 2020 ... More>>

ALSO:

Mesh Mess: Commerce Commission To Appeal Steel & Tube Sentence

The Commission has today filed an appeal against the sentence imposed on Steel and Tube Holdings Limited (Steel & Tube) for false and misleading representations about steel mesh products. More>>