NZX sells Link Market Services stake for up to $14.3M, eyes NZClear; buys investment platform

Thu, 25 Jun 2015

By Paul McBeth June 26 (BusinessDesk) - NZX, the stock market operator, has sold its 50 percent stake in shareholding registry Link Market Services for up to $14.3 million and signalled interest in buying the Reserve Bank's NZClear settlement system. Separately, the firm agreed to acquire investment platform Apteryx. The Wellington-based company sold its stake in Link NZ to join venture partner Link Market Services Australia for an initial payment of $13.8 million and up to $450,000 in earn-outs, it said in a statement. The transaction is...

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