NZ: Watchdogs delay Lion Independent ruling
By just-drinks.com editorial team | 14 August 2006
New Zealand's competition watchdogs have reportedly delayed its decision on Lion Nathan's potential bid for Independent Liquor.
The NZ Commerce Commission has pushed back the deadline for a decision to 25 August, according to a report in the Australian Financial Review over the weekend.
Lion sought regulatory clearance to buy Independent last month, although the company insisted it was not a sign it would make a formal bid.
Analysts have estimated that it would cost A$1.1m (US$818m) to buy Independent Liquor, which appointed UBS to advise it on a potential sale in May.
A sale of the privately-owned company has been mooted since the death of its founder, Michael Erceg, in a helicopter crash last November.
Sectors: Beer & cider, Spirits
Companies: Lion Nathan
View next/previous articles
14 Aug 2006 -
14 Aug 2006 -
Currently reading -
NZ: Watchdogs delay Lion Independent ruling
14 Aug 2006 -
14 Aug 2006 -
There are currently no comments on this article
Be the first to comment on this article