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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.

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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.

 

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