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Sovereign Wealth Funds Briefing - Categorized | Investment

NZ Superannuation Fund buys 35 pct stake in Datacom

Posted on 17 December 2012

The New Zealand Superannuation Fund has reached a conditional agreement to purchase New Zealand Post’s 35 percent stake in technology services company Datacom for $142 million. The agreement is expected to become unconditional in early 2013.
Datacom ranks number 38 in the MIS100, the annual report on the top IT using organisations in New Zealand, up from number 41 in the 2011 report. The group employs more than 4000 staff across 22 locations in New Zealand, Australia, the Philippines and Malaysia, with more than 2000 of those employees located within New Zealand………………………………..Full Article: Source


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