A2 shares soar 25%, making it NZ's biggest listed company

Wed, 21 Feb 2018

By Paul McBeth Feb. 21 (BusinessDesk) - A2 Milk Co shares jumped 25 percent, making the milk marketing firm New Zealand's biggest listed company on a deal that will give it backing from Fonterra Cooperative Group. The stock gained $2.31 to $11.60, valuing a2 Milk at $8.47 billion, toppling Auckland International Airport at $7.75 billion, Fisher & Paykel Healthcare at $7.37 billion and Meridian Energy at $7.29 billion. The spike underpinned the S&P/NZX 50 index, which gained 1.5 percent to 8,215.63 as at 2.35pm. A2 unveiled a strategi...

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