Vocus NZ IPO unlikely as Vocus Group acquisition deal agreed

Vocus NZ IPO unlikely as Vocus Group acquisition deal agreed
The NZ unit, which owns the Orcon, Slingshot, and Flip brands, is the country's third-largest fixed broadband player behind Spark and Vodafone.
Staff reporters
Vocus Group Limited has agreed on a deal that would see 100% of its share capital acquired by a consortium of Macquarie Infrastructure and Real Assets – MIRA – and Aware Super.On Feb 8, MIRA proposed the acquisition at A$5.50 per share before Vocus announced on Feb 23 that Aware Super had joined the consortium.The scheme consideration values Vocus Group at A$3.5 billion.It now looks unlikely that an initial public offer for its business unit Vocus New Zealand will take place, despite Vocus Group confirming in November it was still i...

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