New Zealand's NZME gains most in more than a month on acquiring printing assets
07/08/2026 01:44
BUZZ-New Zealand's NZME gains most in more than a month on acquiring printing assets ** Shares of New Zealand's NZME Ltd NZM.NZ rise as much as 2.4% to NZ$1.085, posting their biggest intraday pct gain since July 1
** Stock touches highest level since July 21
** Media and entertainment co says it would acquire the print plant equipment at industrial newspaper printing co Stuff's current Petone facility
** Says acquisition expected to deliver annual operating savings of around NZ$7 million ($4.10 million)
** YTD, stock down nearly 12%
($1 = 1.7053 New Zealand dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)