Statement of Issues released for Taranaki By-Products’ application to increase its shareholdings in Lowe joint ventures
Published19 May 2021
The Commerce Commission has published a Statement of Issues relating to the clearance application from Taranaki By-Products Limited for it, or a related company, to increase its shareholdings in three joint ventures with the Lowe Corporation (Tuakau Proteins Limited, Hawkes Bay Protein Limited and Jackson Transport Limited).
The statement outlines the Commission’s potential competition issues with the acquisition following its initial investigation. A Statement of Issues is not a final decision and does not mean that the Commission intends to decline or clear the merger.
The Commission is seeking submissions from Taranaki By-Products and Lowe, and other interested parties on the issues raised in the Statement of Issues.