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Fairfax Media Limited Sells Shares In Trade Me Group Limited


Sunday, 16 Dec 2012 04:07pm EST 

Fairfax Media Limited announced that it has executed an underwriting agreement for the sale of 202.0 million Trade Me Group Limited (Trade Me) shares for gross proceeds of AUD 616 million. The shares are being sold at a price of AUD 3.05 per share. The sale is fully underwritten by UBS New Zealand Limited. Following completion of the sale, Fairfax will no longer hold any shares in Trade Me. 

Company Quote

0.895
-0.045 -4.79%
11 Jul 2014