Forsyth Barr says Mercury Capital eyeing up 25-30% stake

Forsyth Barr says Mercury Capital eyeing up 25-30% stake
Forsyth Barr Managing Director Neil Paviour-Smith says personal advice is important. (Image: NZME)
Rebecca Howard
Sydney-based private equity firm Mercury Capital is offering to buy a 25-30% shareholding in Forsyth Barr from its shareholders, Forsyth Barr said in a statement.The offer is subject to shareholder approval and other conditions, with completion expected during August, Forsyth Barr said.“This is a highly positive step for the firm, our staff and clients. Mercury Capital’s investment reflects confidence in our strategy, market position and future growth,” said Forsyth Barr chair David Kirk.“Mercury Capital shares our view...

More Markets

Fonterra bright spot as NZX 50 lifts 0.2%
Markets Market Close

Fonterra bright spot as NZX 50 lifts 0.2%

Infratil is quickly approaching the $12 mark for the first time since January.

Cannasouth heading for liquidation, receiver says
Primary Sector

Cannasouth heading for liquidation, receiver says

General security agreement holders are owed over $2.53m.

Coal fight: Talley's vs Bathurst Resources
Markets Part One

Coal fight: Talley's vs Bathurst Resources

Why is food group Talley's trying to sue coal miner Bathurst Resources?

Spark says new directors in running for chair
Markets

Spark says new directors in running for chair

Spark is refreshing its board and has put chair Justine Smyth's succession in motion.