Commerce Commission Starts Investigation into Beijer’s Acquisition of Heatcraft NZ

  • Jul 25, 2020 NZST
  • Team Kalkine
Commerce Commission Starts Investigation into Beijer’s Acquisition of Heatcraft NZ

The Commerce Commission has started an investigation into Beijer Ref AB’s 2018 acquisition of Heatcraft New Zealand Limited, and its 2019 acquisition of a “grandparented” right to import hydrofluorocarbons (HFCs) into New Zealand.

The Commission shall ponder upon whether the competition will get significantly reduced in any relevant market in violation of sections 47 and/or 27 of the Commerce Act. Beijer did not apply for clearance for the 2018 (or 2019) acquisition.

 


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