- Release Date: 28/11/14 16:34
- Summary: ASSET: MCK: MCK: Completion of Quantum Limited share acquisition
- Price Sensitive: No
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MCK 28/11/2014 16:34 ASSET PRICE SENSITIVE REL: 1634 HRS Millennium & Copthorne Hotels New Zealand Limited ASSET: MCK: MCK: Completion of Quantum Limited share acquisition Further to its announcement on 10 July, Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) advises that it has today settled the acquisition of the 30% interest in Quantum Limited (Quantum) which MCK does not already own. MCK received approval from the Overseas Investment Office on Wednesday and in line with the terms of the acquisition agreement, the consideration of $14.25 million was paid to Te Maori Lodges Limited (TML), a subsidiary of the Maori Trustee. Quantum is the principal operating subsidiary of MCK and owns or leases seven hotels including Millennium Hotel Queenstown, Copthorne Hotel Rotorua and Kingsgate Hotel Dunedin. ENDS Enquiries: Millennium & Copthorne Hotels New Zealand Limited (09) 353 5058 BK Chiu Managing Director End CA:00258274 For:MCK Type:ASSET Time:2014-11-28 16:34:24
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Ann: ASSET: MCK: MCK: Completion of Quantum Limited share acquisition
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