Commission to decide on CHH's proposed acquisition of Central North Island Forest Partnership on May 16
Published12 Apr 2001
The Commerce Commission will make its decision on Carter Holt Harvey Limited's (CHH) application for clearance to acquire the Central North Island Forest Partnership on May 16.
The Commission's Commerce Act Manager, Geoff Thorn, said that this is a 20 working-day extension from the original date of April 17.
Mr Thorn said that the Commission needed more time to gather and assess information, and CHH has agreed to the extension.
The Act prohibits business acquisitions that result in dominance being acquired or strengthened in any market. Parties can apply for a clearance, which the Commission will give if it is satisfied that dominance is not acquired or strengthened.
