New Zealand: Abano takeover crashes on Covid-19 disruption

Richard Keys, chief executive, Abano

A casualty of the Covid-19 pandemic is the NZ$150m (US$95.2m) takeover of Abano Healthcare Group by a consortium of private equity firm, BGH Capital and the Ontario Teachers’ Pension Plan Board. The takeover was announced in mid-November and approved by shareholders on 20 March. In a statement to the NZX, the company said that both…

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