Scoop has an Ethical Paywall
Abano settles sale of audiology shareholding
Abano settles sale of audiology shareholding
Abano
Healthcare Group Limited (NZX:ABA) has confirmed settlement
of the $32 million sale of its 50% shareholding in Bay
International Limited to its joint venture partner, being
interests associated with Peter Hutson.
The one off gain on book value of approximately $20 million will be included in the 2016 full year results. Proceeds from the sale will be used to retire debt and to fund the continuing growth of Abano’s dental networks, Lumino The Dentists in New Zealand and Maven Dental Group in Australia.
CEO of Abano, Richard Keys, said: “Our investment focus continues to be on the $11 billion revenue trans-Tasman dental industry and the growth of our dental networks in New Zealand and Australia, as well as our radiology business in Auckland.”
ends
SolarZero: SolarZero Limited (in Liquidation) - Important Business Update
Science Media Centre: Cyclone Gabrielle's Impacts On NZ's Ecosystems - Expert Reaction
RNZ: Parts Of Power System Could Be Out For 36 Hours In Event Of Extreme Solar Storm
NZAS: New Zealand Association Of Scientists Awards Celebrate The Achievements Of Scientists And Our Science System
Stats NZ: Retail Spending Flat In The September 2024 Quarter
Antarctica New Zealand: International Team Launch Second Attempt To Drill Deep For Antarctic Climate Clues
