News Formal

NZ provincial unions to vote on Silver Lake deal next month - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

New Zealand Rugby (NZR) has called a special general meeting in Auckland on June 2 to allow member unions to vote on a private equity investment from U.S. firm Silver Lake, the last step in the approval process for the groundbreaking deal.

The deal, which values NZR’s commercial assets at NZ$3.5 billion , would see Silver Lake take 5.71%-8.58% of a new commercial entity following an additional co-investment offered to New Zealand institutions later in the year.

The path was cleared for the revamped deal to go through when NZR struck a deal with the players in February.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Don’t do it.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines