UPDATE: APN gets OIO approval for demerger plan, remains in trading halt

Mon, 20 Jun 2016

By Sophie Boot June 20 (BusinessDesk) - APN News & Media has received Overseas Investment Office approval for its plan to split out its NZME unit ahead of a potential merger with rival Fairfax Media's New Zealand operations. The Sydney-based company today said the exemption to the Overseas Investment Act relating to the proposed demerger was granted, though it was still subject to other regulatory approvals and exemptions. Trading in APN shares on the NZX was halted today pending an announcement, in what was already a period of deferred...

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