Super Fund gets discount on Fidelity deal
Transaction shows drop in share value.
The NZ Super Fund is acquiring a stake in insurance company Fidelity Life for less than its shares were worth in 2013.
The Super Fund is investing $100 million for a 41.1% stake in the privately owned insurer and may invest further if Fidelity’s small shareholders, who own about 14% of the
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Tim Hunter
Thu, 02 Nov 2017
Thu, 02 Nov 2017
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Super Fund gets discount on Fidelity deal
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