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NZ-based Māori fund acquires 4% stake in Asia Pacific Health Group Photo by Louis Reed on Unsplash February 7, 2021 New Zealand-based The Māori direct investment fund, Te Pūia Tāpapa (TPT), has picked up a 4% stake in Asia Pacific Health Group (APHG), the largest human and veterinary pathology network operator in the country. TPT has purchased the stake from New Zealand Superannuation Fund (NZ Super Fund) and Canada-based Ontario Teachers’ Pension Plan Board (Ontario Teachers’), according to a statement on Friday. Following the deal, both pension funds will each retain a 48% stake in the pathology network operator. “There are enormous changes happening in the health sector, with a focus on improving Maori health outcomes. As co-investors, we believe we can add significant value to APHG by deepening its understanding and ability to deliver for Māori communities across Aotearoa,” said TPT Chair Paul Majurey. ....
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Vp plc, the equipment rental specialist, notes that today, following an investigation lasting almost four years, the Competition and Markets Authority ( CMA ) has announced its finding that there has been a breach of competition law by three major suppliers of groundworks products for hire in the UK.
This is an area of activity for part of the Group s excavation support systems business ( Groundforce Shorco ).
The turnover of the business concerned represented 9% of the Vp plc group turnover for the year ended 31 March 2020. No other Vp businesses are included in this investigation.
The CMA has imposed a penalty of £11.2 million on Vp. The Group s accounts to 30 September 2020, announced on Monday 7th December 2020, included a provision of £15.4 million in respect of this matter. ....
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