Commerce Commission receives clearance application from Port of Tauranga to acquire Owens
Published11 Dec 2001
The Commerce Commission has received an application from Port of Tauranga Limited (PTL) for clearance under the Commerce Act to acquire 100% of the assets or shares of Owens Services BOP Limited (Owens).
PTL's principal activities are the ownership and operation of the wharf infrastructure and marine services at the Port of Tauranga. PTL is also a 50% shareholder of Northport Limited, which is currently constructing a new wharf facility at Marsden Point, Northland.
Owens business activities include log marshalling, materials and wharf handling, mechanical services and shipping agency.
In considering the application, the Commission's role is to determine whether the merger has the effect of substantially lessening competition in any markets.
A public version of PTL's application will soon be available on request from the Commerce Commission. Please contact Catherine Best, (04) 498-0953.
Media Contact: Manager, Market Structure, Richard Braae
