NZ's Green Cross rises as co confirms talks with PEP to buy Tamaki Health

Green Cross Health

29/09/2021 01:02

** Shares of primary healthcare provider Green Cross Health
Ltd  GXH.NZ  rise as much as 5.2% to NZ$ 1.21 – their biggest
intraday percentage gain since Sept 8
    ** Co confirms a media article that it is working with its
partner Australian private equity Pacific Equity Partners (PEP)
to buy New Zealand's largest primary healthcare group, Tamaki
Health  urn:newsml:reuters.com:*:nFWN2QU0ML
    ** Green Cross says the nature and terms of transaction have
yet to be determined as process is in its early stage
    ** Stock hits its highest level since Sept 13
    ** About 133,000 shares change hands, compared with the
30-day average volume of about 41,000 shares
    ** GXH stock up 1.8% this year, as of last close
       

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))