Nuplex shares jump 7.6% on confirmation it's in talks to sell two ANZ businesses

Tue, 23 Sep 2014

By Tina Morrison Sept. 24 (BusinessDesk) - Shares in Nuplex Industries jumped 7.6 percent, making the stock the best performer on the benchmark NZX 50 Index today, after the chemicals manufacturer confirmed it's in talks to sell two of its Australasian-based businesses to CHAMP Private Equity. The Auckland-based company said in a statement it is "in discussions with CHAMP Private Equity in relation to the sale of two of its ANZ-based businesses being the agency and distribution business, Nuplex Specialties and the plastic additives busine...

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