8 Jun 2009

M-co deal in place

5:21 am on 8 June 2009

NZX says all conditions have been met for it to buy The Marketplace Company, known as M-co.

The stockmarket operator will buy the energy firm for $13.1 million.

The agreement includes a 50% payment for the working capital position. It excludes any assets or operations relating to the Unlisted platform.

NZX says the takeover will be completed by late July.