New Zealand's Mercer Group hits over 8-month high

MHM Automation

03/03/2019 23:57

** Shares of Mercer Group Ltd  MGL.NZ  rise as much as 9.1
pct to NZ$0.24, their highest since June 29
    ** Stainless steel equipment designer settles all potential
claims associated with collapse of a silo at Fonterra's  FCG.NZ 
Edendale site in 2016  urn:newsml:reuters.com:*:nFWN20Q00I
    ** Co will pay Fonterra NZ$1 mln ($682,200) and undertake
NZ$3 mln ($2.05 mln) of work over a three-year period at a
discounted rate
    ** Stock posts biggest intraday pct gain since Jan 11
    ** Stock has risen 15.8 pct this year, as of last close
 ($1 = 1.4658 New Zealand dollars)

 ((ShreyaMariam.Job@thomsonreuters.com; +918067496338; Reuters
Messaging: ShreyaMariam.Job.thomsonreuters.com@reuters.net))