PGG Wrightson has been cleared to sell its seeds business to Denmark's DLF Seeds. The Commerce Commission said the $434 million transaction, announced in August, was unlikely to substantially reduce competition in any of the markets it assessed. "DLF is not at present a close competitor of PGG Wrightson Seeds in respect of ryegrass seeds containing endophytes and is unlikely to be so in the future," deputy chair Sue Begg said.
The Commerce Commission has given Danish company DLF Seeds clearance to buy PGG Wrightson's seeds business. Last year PGG Wrightson - the country's leading seeds merchant - agreed to sell its seeds business for $434 million, subject to Commerce Commission and Overseas Investment Office approval.
Online ticket buying website, Viagogo, will need to change how it sells it event tickets if the Commerce Commission gets its way. Lawyers representing the commission described website Viagogo as a "marketplace for scalpers and fraudsters" in their submission to the Auckland High Court today.
This is a modal window. No compatible source was found for this media. Tickets re-sold to a Bruno Mars concert is one of those under scrutiny. (Photo / NZ Herald) Viagogo fought its corner at a High Court hearing brought by the Commerce Commission today - but the outcome hangs in the balance with Justice Patricia Courtney reserving her decision.
Controversial online ticket seller Viagogo broke the law by offering customers tickets to the 2017 Irish and British Lions tour of New Zealand, the Commerce Commission told the High Court this morning. While second-hand sales or 'scalping' of tickets is not ordinarily illegal, the Major Events Management Act (2007) rules out the practice in specific cases, including Lions tours, the ComCom said.
[00:00:00] The Commerce Commission is set to make its case against controversial ticket reseller company Viagogo at the Auckland High Court on Tuesday. [00:00:07] In August last year the Commission announced it was sueing the Switzerland-based ticket resale website for making a number of false or misleading representations.
The Commerce Commission is set to make its case against controversial ticket reseller Viagogo at Auckland High Court today. A screenshot of the Viagogo website. Photo: Screenshot / Viagogo In August last year the commission announced it was suing the Switzerland-based ticket resale website for making a number of false or misleading representations.
New Zealand authorities are taking ticket reselling company Viagogo to court this week, as the platform stands accused of being used by scalpers to scam concert goers around the world. The Commerce Commission is seeking an interim injunction against the Swiss-based company in the High Court in Auckland on Tuesday, joining a growing list of countries taking legal action.
The Commerce Commission's has detailed the specific issues it wants to investigate in its inquiry into retail fuel prices. [00:00:20] The Commerce Commission wants answers and views on 40 questions covering all aspects of the fuel industry... [00:00:33] ... and whether consumers get real benefit from loyalty cards and other discounts.
A paper that raises questions about challenges affecting the fuel industry has been released by the Commerce Commission. The preliminary issues paper, which will help inform the government’s fuel market study, seeks responses from industry participants and other interested parties.