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OIO approves Big Chill Acquisition

M&A16 March 2020FRWIndustrials

NZX RELEASE

16 March 2020


ACQUISITION OF BIG CHILL RECEIVES OVERSEAS INVESTMENT OFFICE APPROVAL


On 30 October 2019 Freightways Limited (Freightways) announced it had entered into a sale & purchase

agreement to acquire Big Chill Distribution Limited (Big Chill, or the Acquisition). As set out in that

announcement, completion of the Acquisition was conditional on Overseas Investment Office (OIO)

approval.


The OIO has now approved the Acquisition, and completion is expected to occur on 1 April 2020. Once

completion has occurred, the Company will provide more information regarding the Big Chill business and

its integration into Freightways.


ENDS


For further information please contact

Mark Troughear, Chief Executive Officer, Freightways Limited, +64 9 571 9673

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