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The Commerce Commission has received an application from Matariki Forests seeking clearance to acquire the forestry assets of the Selwyn Plantation Board.
Matariki Forests is New Zealand’s third largest forestry company and owns exotic forests throughout New Zealand. It is the largest forest owner in Canterbury.
The Selwyn Plantation Board owns exotic forests in Canterbury. It is owned by the Selwyn District Council (60 per cent) and Christchurch City Council (40 per cent).
The clearance application relates to both parties’ involvement in the supply of saw and pulp logs in the Canterbury region. In considering the application, the Commission’s role is to determine whether the acquisition has the effect of substantially lessening competition in a market.
A public version of the application will be available shortly on the Commission’s website: www.comcom.govt.nz/clearances-register