New Zealand's Arvida agrees to $746 mln takeover by investment firm

Arvida

21/07/2024 22:05

July 22 (Reuters) - New Zealand-based Arvida Group
 ARV.NZ  on Monday said it had accepted a takeover offer by
investment firm Stonepeak, valuing the aged care provider at
NZ$1.24 billion ($745.74 million)excluding debt. 

($1 = 1.6628 New Zealand dollars)

 (Reporting by Rishav Chatterjee in Bengaluru
Editing by Chris Reese)
 ((Rishav.Chatterjee@thomsonreuters.com;))