1 Jul 2009

TZ1 sale process completed by stock exchange

1:42 pm on 1 July 2009

The New Zealand stock exchange has completed the sale of the assets of the TZ1 Registry business to global financial services company Markit, for $US37.1 million.

Initial consideration will be received up front in Markit shares, which will be held until the deal is complete in 2011.

NZX will maintain an active economic interest in the performance of the Registry business through the next two and a half years, receiving half of all profits over that period.