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ACC Acquires Significant Stake in Spark New Zealand

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ACC Acquires Significant Stake in Spark New Zealand

Spark New Zealand Limited ( (AU:SPK) ) just unveiled an announcement.

The Accident Compensation Corporation (ACC) has disclosed a substantial holding in Spark New Zealand Ltd, now owning 5.210% of the company’s ordinary shares. This move, resulting from significant on-market transactions from October 2024 to February 2025, positions ACC as a notable shareholder, potentially influencing Spark’s market dynamics and stakeholder interests.

More about Spark New Zealand Limited

Spark New Zealand Limited is a telecommunications company that provides a range of services including mobile, internet, and digital solutions for both individuals and businesses in New Zealand. It operates in the competitive telecommunications industry and focuses on delivering innovative communication technologies.

YTD Price Performance: -20.82%

Average Trading Volume: 2,334,982

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$3.96B

Learn more about SPK stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
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