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Tower Ltd Sells Investment Business To Fisher Funds

Monday, 25 Feb 2013 02:30pm EST 

Tower Ltd announced that it has sold its investments business TOWER Investments to Fisher Funds for NZD 79 million. The sale of TOWER Investments to Fisher Funds is on terms customary for a transaction of this type, including that no material adverse change occurs in either TOWER Investments or Fisher Funds prior to Completion. Subject to satisfaction of this condition, completion is scheduled to occur on April 2, 2013. 

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