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Macquarie buying Vocus, owner of Orcon and Slingshot, heading off NZX listing

Macquarie buying Vocus, owner of Orcon and Slingshot, heading off NZX listing
9 Mar, 2021 04:37 AM
4 minutes to read
Macquarie has entered an agreement to buy ASX-listed Vocus Group - owner of Orcon and Slingshot on this side of the Tasman - in a A$3.5 billion ($3.7b) deal, subject to investor and regulatory approval.
The ASX-listed investment banking and infrastructure investment firm teamed with Aware Super - Australia s second-largest retirement fund - on its $5.50 per share offer.
In recommending shareholders accept the deal - set to close in July if all approvals go to plan - Vocus chairman Bob Mansfield said in a statement to the ASX that the board had considered it against alternatives, including pressing ahead with the plan to list Vocus NZ business, then use the estimated $722 million proceeds to pay down debt. ....

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New Hobart Airport Interchange project employing Tasmanians

Paul Fletcher, Federal Minister for Communications, Urban Infrastructure, Cities and the Arts Michael Ferguson, Tasmanian Minister for Infrastructure and. ....

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How Whanganui's Tasman Tanning plans to improve environmental record

How Whanganui s Tasman Tanning plans to improve environmental record
4 Mar, 2021 04:00 PM
2 minutes to read
Tasman Tanning is continuing to work on improving its trade waste. Photo / Bevan Conley
Laurel Stowell is a reporter for the Whanganui Chroniclelaurel.stowell@whanganuichronicle.co.nzWhangaChron
Whanganui s Tasman Tanning expects to drop its effluent waste and chromium levels to significantly below the district council s allowable limits by the end of the year, chief executive Neville Dyer says.
The tannery breached its
wastewater consents 570 times in the last year, it was reported in January.
Tasman Tanning contributes only 5 per cent of the water treated by the Whanganui wastewater treatment plant - but 25 per cent of the solids. ....

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Covid 19 coronavirus: Passenger repatriated from resort town in private jet

Covid 19 coronavirus: Passenger repatriated from resort town in private jet
3 Mar, 2021 05:27 PM
3 minutes to read
Officials say all protocols were followed. Photo / File
Otago Daily Times
By: Guy Williams
A private jet has flown from Sydney to Queenstown to pick up a single passenger for their repatriation across the Tasman to Australia.
In the fifth such repatriation flight in and out of Queenstown since the borders closed in all cases carrying people out of New Zealand the twin-engined Embraer Phenom 300 landed just after noon on Tuesday, with an Australian pilot at the controls.
It picked up the passenger whose identity and nationality were unknown on Tuesday, then took off again, all in the space of about 30 minutes. ....

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Market close: NZ sharemarket shrugs off lockdown, focuses on Aussie QE

More bond buying in Australia leads Kiwi shares higher. ....

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