Media releases

June 2018

OMV seeks clearance to acquire Shell's gas and liquids portfolio

18 June 2018

The Commerce Commission has received a clearance application from OMV New Zealand Limited to acquire 100% of Royal Dutch Shell’s gas and liquids portfolio in New Zealand.

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Commission concerned Fonterra's risk estimate is too low when calculating milk price

14 June 2018

The Commerce Commission has released an emerging view that Fonterra’s estimate of risk in calculating the cost of financing milk processing operations is too low. The impact of this is that Fonterra calculates a higher milk price than would be the case if it used a more feasible allowance for risk in the cost of finance, consistent with other processors.

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Process kicked off for 2020 reset of electricity lines companies' price-quality paths

14 June 2018

The Commerce Commission has released the key milestones and consultation steps for the 2020 reset of 17 electricity lines companies’ price-quality paths.

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Investigation opened into Fulton Hogan's proposed acquisition of Stevenson Group

14 June 2018

The Commerce Commission has opened an investigation into Fulton Hogan Limited’s proposed acquisition of Stevenson Group Limited's construction materials business.

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Christchurch vehicle financier warned over concerns about agent’s lending conduct

11 June 2018

The Commission has issued a warning to Dealer Finance Limited (DFL), a Christchurch-based motor vehicle finance lender, after an investigation into its compliance with obligations under the lender responsibility principles under the Credit Contracts and Consumer Finance Act 2003 (CCCF Act).

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Commission alleges irresponsible lending by payday lender Ferratum

1 June 2018

The Commerce Commission has commenced High Court proceedings against payday lender Ferratum New Zealand Limited (Ferratum) under the Credit Contracts and Consumer Finance Act 2003 (CCCFA) over alleged breaches of the lender responsibility principles.

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