The Vocus Group board has recommended that its shareholders accept an offer Macquarie’s infrastructure fund and Aware Super to acquire the company at a valuation of $3.5 billion.
The Vocus Group telecommunications company has appointed financial advisers in preparation for an Initial Public Offering (IPO) of Vocus New Zealand expected to be undertaken before the end of 2021.
The Vocus Group has reported total revenue of $1.78 billion for the 2019-20 financial year, a drop of 6% on the 2018-19 period.
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