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ACC Acquires Substantial Holding in Spark New Zealand

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ACC Acquires Substantial Holding in Spark New Zealand

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.

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