MARKET ANNOUNCEMENT
17 January 2022
NZME completes acquisition of BusinessDesk
AUCKLAND, 17 January 2022: NZME Limited (NZX: NZM, ASX: NZM) (“NZME”) is pleased to advise that the acquisition of BusinessDesk has completed.
The acquisition was announced in November 2021. NZME will now work with the BusinessDesk team to supercharge their growth and realise the full potential of the opportunity to support New Zealand’s business community with comprehensive and trusted business news.
ENDS
Authorised by Michael Boggs, CEO.
For further information:
David Mackrell
Chief Financial Officer
T: +64 21 311 911
Email: [email protected]
The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
An investment firm bought the stake, which included 116,145 hectares of forestry.
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