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

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.

Macquarie buys Vocus, owner of Orcon and Slingshot, heading off local listing

Macquarie buys Vocus, owner of Orcon and Slingshot, heading off local listing
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