New Zealand

Freightways acquires information management firms in Australia and New Zealand

New Zealand-based express package services provider Freightways Limited has purchased two document destruction businesses, namely Sydney-based Advance Security Destruction Services and Hastings-based Docushred, for a total of USD13 million.

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New Zealand's Bennetts Group acquires Jasons Travel Media

New Zealand-based tertiary textbook firm Bennetts Group has bought the assets of travel and accommodation guide publisher Jasons Travel Media in a deal with undisclosed financial details.

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Telecom sells Australian AAPT unit for $450M

Telecom Corp Ltd has offloaded its Australian AAPT unit to TPG Telecom Ltd UDS450 million to initially repay debt and focus on its operations in New Zealand.

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Australia's Dick Smith lifts on debut after USD315 million IPO

The shares of Australia-based electronics seller Dick Smith Holdings Ltd lifted on its debut on Wednesday after securing USD315 million in its initial public offering.

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Italy's Barilla family buys New Zealand dairy farm for USD25 million

Italy-based Barilla family, the founders of the biggest company pasta in the world, have shelled out USD25 million to acquire a South Island dairy farm.

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IDP Eductaion mulls 2014 IPO in Australia

Australia-based IDP Education, the world's largest provider of international student placement, is considering the sale of its shares through an initial public offering (IPO) in 2014.

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Duxton buys farm stake in New Zealand

Singapore-based fund manager Duxton Asset Management purchased a 50% in seven cattle and sheep farms in Otago, New Zealand, and is looking for further investments in the country.

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Government plans sale of 20% Air New Zealand stake

The New Zealand government said it planned to sell 20% of its stake in Air New Zealand to cut down public debt and spend on infrastructure projects.

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Greencross to acquire Mammoth Pet Holdings

Brisbane-based veterinary giant Greencross announced its intention to buy pet retail chain Mammoth Pet Holdings in an acquisition deal that is valued at USD330 million.

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Bupa becomes top operator after 3 acquisitions

New Zealand healthcare company Bupa became the top operator in the region after it acquired three rest-homes in Dunedin, Gore and Riverton.

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New Zealand's Fonterra buys yogurt producer Tamar Valley Dairy

New Zealand's dairy manufacturer Fonterra signed a deal to acquire troubled Tasmania-based company Tamar Valley Dairy.

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Chinese investors buy New Zealand resort

Chinese firm CRED Real Estate bought New Zealand's Pepper's Carrington resort for an undisclosed amount.

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Meridian Energy Ltd's IPO to raise USD 1.6 billion for New Zealand

The IPO of state-backed power firm Meridian Energy would raise USD 1.6 billion or NZD 1.88 billion for New Zealand.

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Australian and New Zealand stocks fells amid US deadlock

The stocks of Australia and New Zealand fell as the deadline to settle debt for the United States looms near, said a report from Bloomberg.

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New Zealand bails out stricken coal miner

The New Zealand government along with private lenders had agreed to aid stricken coal miner Solid Energy with a multi-million bailout fund.

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