The Commerce Commission has granted clearance for international building materials manufacturers & suppliers Gebr Knauf KG of Germany and USG Corp of the US to merge, subject to a divestment undertaking. In January, Knauf also entered into an agreement to acquire the EMEA (Europe, Middle East & Africa) & APAC (Asia-Pacific) businesses of another US […]
Commerce Commission
Regulator wants Linsa Finance to repay costs charged to borrowers
The Commerce Commission said yesterday it had filed High Court proceedings against Tauranga company Linsa Finance Ltd, seeking orders that it return costs of borrowing totalling about $680,000 for over 1700 loan contracts.
Commission takes anti-competition case against First Gas
The Commerce Commission said last week it had filed proceedings in the Wellington High Court against gas network operator First Gas Ltd for anti-competitive conduct in acquiring the Bay of Plenty assets of GasNet Ltd.
Knauf buys 2 US building material suppliers, NZ commission outlines competition issues
German building materials supplier Gebr Knauf KG has entered into an agreement to acquire the international businesses of US company Armstrong World Industries Inc, on top of its $US7 billion acquisition of Chicago-based USG Corp. In New Zealand, the Commerce Commission is considering the USG merger’s competition impacts.
Knauf & USG seek NZ clearance for merger
International building materials manufacturers & suppliers Gebr Knauf KG of Germany and USG Corp of the US have sought Commerce Commission clearance for their merger.
Fletcher Building seeks clearance to acquire Waikato Aggregates
Fletcher Building Ltd has sought Commerce Commission clearance to acquire all the assets & employees of Waikato Aggregates Ltd, including the right to extract & process sand from the Tamahere quarry.
