The company said a strategic review of OneRoof had highlighted a significant value creation opportunity and the NZME board was focused in the short-term on growing OneRoof organically, while keeping strategic opportunities under constant review.
That review, announced in February of this year, was launched to accelerate OneRoof’s growth and realise its ”full potential in delivering value for shareholders”.
Opportunities identified in February included the potential separation of OneRoof “to enable raising external capital, either public or private, to surface its value”; “potential pathways to value recognition and monetisation”; consolidation opportunities; and “additional resourcing and extra capacity opportunities”.
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