tiprankstipranks
Company Announcements

ACC Acquires Substantial Holding in Spark New Zealand

Story Highlights
ACC Acquires Substantial Holding in Spark New Zealand

Discover the Best Stocks and Maximize Your Portfolio:

Spark New Zealand Limited ( (AU:SPK) ) has issued an update.

The Accident Compensation Corporation (ACC) disclosed a substantial holding of 5.013% in Spark New Zealand Limited, comprising 92,436,003 ordinary shares. This acquisition, resulting from transactions between October 2024 and February 2025, positions ACC as a significant shareholder, potentially influencing Spark New Zealand’s market dynamics and shareholder structure.

More about Spark New Zealand Limited

Spark New Zealand Limited operates in the telecommunications industry, offering a range of services including mobile, broadband, and digital solutions primarily in New Zealand and Australia.

YTD Price Performance: -3.35%

Average Trading Volume: 2,209,789

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$4.86B

For detailed information about SPK stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1