Canadian private equity tycoon James Grenon takes NZME stake

There is no intention for make a takeover bid of NZME, the stock exchange has been told. (Image: NZME)

Mon, 03 Mar 2025

Canadian private equity tycoon James Grenon increased his stake in NZME to 9.321% for “investment purposes”.Grenon, founder and adviser of Calgary-based Tom Capital Management, paid just over $9 million for 7,857,161 shares and paid $786,400 for another 655,333 shares. This took his stake in the company to 9.321%.BusinessDesk previously reported that Grenon was associated with alternative news ventures such as The Centrist, which were created to challenge established “mainstream” outlets and often targeted disaffected gr...

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