NZ's Good Spirit Hospitality sees best day in over 1 year on Nourish Group deal

Good Spirits Hospitality

15/11/2021 24:32

** Shares of investment firm Good Spirits Hospitality
 GSH.NZ  jump as much as 14.5% to NZ$0.079, mark their best
session since Aug 2020
    ** Co announces acquisition of New Zealand hospitality
venues owner Nourish Group for a base purchase price of about
NZ$21.3 mln  urn:newsml:reuters.com:*:nNZW2ClN3g
    ** Adds that coming together of two hospitality operators is
well-placed for future growth and will lower GSH's current debt
gearing ratio
    ** Stock hits highest level since Aug 3
    ** More than 126,000 shares change hands, compared with the
30-day average volume of about 18,500 shares
    ** Stock down 12.7% this year, as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))