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Warehouse buyout off after failing to get Normans’ support

Warehouse chair says the scheme of arrangement proposal didn’t have the critical shareholder backing it needs to proceed.

Warehouse talks ‘not progessing’ the retailer reports.

Kate McVicar Fri, 02 Aug 2024

An approach to potentially acquire struggling NZX-listed retailer The Warehouse Group will not proceed after failing to get support from a key shareholder, the NBR Lister Norman family.

The Warehouse said today the board was not progressing discussions with Australian PE firm Adamantem Capital in

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Kate McVicar Fri, 02 Aug 2024
Contact the Writer: kate@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Warehouse buyout off after failing to get Normans’ support
Investment,
105167
true