NZX announces further sale of non-core business
NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599
www.nzx.com
www.nzx.com 1 of 1
27 July 2018
NZX announces further sale of non-core business
NZX announces the sale of its Australian grain data business which was identified as non-core
during the exchange’s strategic review last year.
The Melbourne based agribusiness assets, Australian Crop Forecasters and Profarmer
Australia have been sold to Rural Bank, Australia’s only owned and operated dedicated
agribusiness bank. All six Melbourne based staff will transition with the sale, effective 31 August
2018.
NZX CEO Mark Peterson commented: “This divestment is a positive outcome for all parties.
The transaction continues the NZX’s execution of its strategy announced in November last year,
which outlined an increased focus back on its core markets business.”
All Melbourne based staff will relocate to Rural Bank’s premises which will enable the closure of
NZX’s Melbourne office. NZX will incur a write down of intangible assets of $2.05 million.
For media and investor enquiries please contact:
Graham Law
Chief Financial Officer
T: 04 498 2271
M: 029 494 2223
E: graham.law@nzx.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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