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DJ New Zealand Companies Could Be Ripe for Takeovers in 2021 -- Market Talk
17 Dec 2020 10:50:03
2350 GMT - Takeover offers for New Zealand's listed companies could increase in 2021 after only two transactions this year, says Forsyth Barr, citing cheap debt, cashed-up private equity players and greater tolerance for risk among sovereign wealth funds. The brokerage has identified 20 companies that it sees as the most likely targets and a top-10 subset includes locally well-known names such as a2 Milk, Infratil and Kathmandu as well as struggling Gentrack and Sky Network Television. Several companies also have opportunities to sell noncore businesses or to sell and leaseback assets, Forsyth Barr says. That includes telco Spark, which could sell and leaseback infrastructure such as data centres, cell towers, and telco exchanges. (stephen.wright@wsj.com)
(END) Dow Jones Newswires
December 16, 2020 18:50 ET (23:50 GMT