The seemingly endless Vocus ownership soap opera has taken another twist.
ASX-listed Vocus Group is again considering the sale of its NZ assets, according to a report in The Australian.
The mooted buyer is Australian utilities giant AGL Energy, which on June 17 abandoned a bid to buy Vocus just six days into due diligence. It did not give a reason, but AGL shares had been under pressure since its bid was announced.
AGL's play was just the latest in a string of almost-deals.
On June 5, Swedish private equity outfit EQT pulled a A$5.25 per share/A$3.3 billion bid a week after it started to look at Vocus' books.