Vocus NZ IPO hits roadblock with Macquarie bid

Tue, 09 Feb 2021

A A$3.4 billion takeover offer for Vocus Group has put the planned sale of the company's New Zealand business in doubt.Melbourne-headquartered Vocus yesterday confirmed it had received a non-binding offer from Macquarie Infrastructure and Real Assets – MIRA – to acquire 100 percent of Vocus through a scheme of arrangement priced at A$5.50 a share.The acquisition offer follows the group's announcement in November that Vocus NZ would execute a public listing before the end of June. The IPO was to have been a dual listing on th...

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