You are using an older browser version. Please use a supported version for the best MSN experience.

Fairfax says no talks on fresh NZ interest

AAP logoAAP 7/12/2016

Fairfax has received an expression of interest in its New Zealand business but says it remains committed to merging the assets with NZME.

Fairfax says it was contacted by a third party claiming to represent an unnamed client interested in the business that is already subject to a binding merger implementation agreement, although New Zealand's competition watchdog last month said it is likely to oppose a merger that would likely substantially lessen competition in a number of markets.

"The letter contains no offer capable of acceptance and Fairfax is not engaged in any discussions in relation to the letter," Fairfax said in a statement.

image beaconimage beaconimage beacon