March 2000 overseas investment approvals

CAFCA's analysis of the overseas investments approved by the Overseas Investment Commission in March 2000 are now available on CAFCA's web site at http://canterbury.cyberplace.org.nz/community/CAFCA/cafca00/Mar00.html

The investments approved are listed below.

Lowlights are the continued trading in our energy companies. Natural Gas of Australia has now a dominant position in electricity retailing (though the Commerce Commission doesn't think so).

Bill Rosenberg

March 2000 decisions

Natural Gas Corporation buys TransAlta New Zealand

United Networks (Utilicorp) buys gas distribution business from Orion

Marconi buys Harvest Group retail automation manufacturer

Mystery surrounds U.S. purchase of 25% of Mylestom Holdings Ltd

Juken Nissho buys more land for its Kaitaia mills

Land for forestry

Further 589 hectares sold to U.S. owners of Puketiti Station in King Country

U.S. partner increases share of 12,000 hectare Wyuna Station to 60%

Japanese owner of Taupo development crashes and sells to Swiss creditor

More land for Martha Mine, Waihi

ENDS

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