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 has taken a 9.321% stake in NZME for “investment purposes”.Grenon, founder and adviser of Calgary-based Tom Capital Management, paid just over $9 million for the stake, which also included buying $786,399 of shares from Karori Capital Ltd. According to a release to the New Zealand Exchange (NZX), there is no “current intention to make a takeover bid”.BusinessDesk previously reported that Grenon was associated with alternative news ventures such as The Centrist, which were...

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