Vero Insurance New Zealand Limited and Tower Limited

The Commission has received a clearance application from Vero Insurance New Zealand Limited seeking clearance to acquire up to 100% of the shares in Tower Limited.

When we receive an clearance application, we assess whether the merger would be likely to substantially lessen competition in a market. If we are satisfied that the merger is not likely to have that effect, then we would clear the merger.

Project timeline

Type Description Indicative date/s
Completed Submissions on Statement of Preliminary Issues due 06/04/2017
Final Final decision due 26/07/2017

Disclaimer

These dates are not official and may change. Please see the Terms and Conditions for further limitations.