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Fairfax completes sell-down of 15% of Trade Me
Written by Paul in General at 2:25pm, Mon 18 Jun 2012
Following this morning’s trading halt, Trade Me Group Limited (“Trade Me”) has been advised that Fairfax Digital Holdings NZ Limited (“Fairfax”) has successfully completed the sell-down of 15 per cent of the issued capital of Trade Me. The trading halt in Trade Me shares was lifted at 12:53pm today.
After settlement of the sale of the shares, which is expected to occur this Thursday, Fairfax will hold 51 per cent of Trade Me.
For more information, please visit Trade Me’s investor relations website.