Chorus joins ASX 200, bringing to 8 the number of NZX-listed Kiwi firms in Aussie benchmark

Mon, 24 Apr 2017

By Jonathan Underhill April 24 (BusinessDesk) - Chorus, whose shares have gained 40 percent in the past two years, will join the S&P/ASX 200 Index on May 2, bringing to eight the number of New Zealand companies with a primary listing on the NZX that are also on the Australian benchmark index. Chorus will replace Duet Group, which is being acquired by an investment group, subject to a scheme of arrangement. Chorus has a market capitalisation of A$1.6 billion. Its shares have outperformed the ASX 200 in the past five years, gaining 50 perce...

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