Media Release
Issued 24 August 2015
Release No. 20
Commission reconvenes conference on wool scouring authorisation
The Commerce Commission is to reconvene its conference on Cavalier Wool Holding Limited’s application for authorisation
to acquire New Zealand Wool Services International's wool scouring business.
The conference will be held on Tuesday 1 September to consider specific issues relating to property valuations, which
form part of Cavalier’s application.
The conference, to be held at the Commission’s Wellington office, is closed to the general public as the property
valuations are entirely confidential.
All information relating to this application can be found here.
Background
On 23 October 2014 the Commission received an application from Cavalier Wool Holdings Limited seeking authorisation to
acquire 100% of New Zealand Wool Services International's wool scouring business and assets. On 26 March 2015 the
Commission released its Draft Determination which outlined the Commission’s preliminary view that it should authorise
the application.
A conference was held on 10 June 2015 to assist the Commission in making a final determination on Cavalier Wool Holdings
Limited’s application. The conference did not include a session on property valuations. However, parties were notified
that they would have the opportunity to submit on property valuations at a later date.
A second conference to discuss property valuations was scheduled for 5 August; however, this was postponed after the
Commission received new confidential information that had yet to be tested.