New Zealand stock exchange company NZX sold its TZ1 Registry business to global financial services company Markit overnight for US$37.1 million.
At the overnight exchange rate of 65.44 cents that equated to $56.7 million.
The initial consideration would be received up front in Markit shares, which would be held for the term of the deal through to the end of 2011, NZX announced.
NZX sells subsidiary
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