Infratil announces clearance to acquire Vodafone NZ

Company News

by Rachael Jones

On 14 May 2019 Infratil (ASX:IFT) announced Brookfield Asset Management's intention to acquire Vodafone New Zealand from Vodafone Group Plc. Today the Commerce Commission granted clearance for the acquisition.

The enterprise value is NZ$3.4 billion.

Completion of the Acquisition continues to be conditional on Overseas Investment Office granting consent.

Infratil remains confident they will and that completion is likely to occur within the next two months

Shares in Infratil (ASX:IFT) closed 0.22 per cent lower at $4.44 yesterday.

 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.