INDEPENDENT NEWS

Statement Of Issues Released For One NZ’s Application To Acquire Dense Air

Published: Fri 2 Feb 2024 09:56 AM
The Commerce Commission has published a statement of issues relating to an application from One New Zealand Group Limited seeking clearance to acquire 100% of the shares in Dense Air New Zealand Limited from Dense Air Limited and SoftBank Corp.
The Statement of Issues outlines the Commission’s potential competition issues with the acquisition following its initial investigation. The Statement of Issues is not a final decision and does not mean that the Commission intends to decline or clear the proposed acquisition.
The Statement of Issues can be found on the case register.
Submissions can be sent by email to registrar@comcom.govt.nz with the reference "One NZ/Dense Air” in the subject line.
Submissions are due by close of business on 19 February 2024, with cross-submissions due by close of business on 29 February 2024.
The Commission is currently scheduled to make a decision on the application by 3 April 2024. However, this date may be extended.Background
We will give clearance to a proposed merger if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.
Further information explaining how the Commission assesses a merger application is available on our website.

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