Hirepool seeks clearance to buy rival Hirequip out of receivership

Tue, 16 Oct 2012

By Paul McBeth Oct. 16 (BusinessDesk) - Equipment rental company Hirepool has sought clearance by the antitrust regulator to buy rival Hirequip out of receivership in a bid to get greater exposure to the heavy construction sector as the Christchurch rebuild starts hitting its stride. Hirepool, which is three-quarters owned by Australian private equity firm Next Capital, has requested the Commerce Commission clear its acquisition, saying the merger won't substantially cut competition as they largely operate in different areas. A sale and pu...

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