Chorus Says New Zealand Government to Start Sale of Over AU$1 Billion Stake in Company

MT Newswires Live

2025/12/17

Chorus (ASX:CNU, NZE:CNU) said New Zealand's Ministers of Finance and Infrastructure accepted a recommendation to start a sale process for the securities held by National Infrastructure Funding and Financing in the company, according to a Wednesday Australian bourse filing.

The securities have a total face value of AU$1.16 billion, representing the remaining balance of the funding the Crown provided to Chorus for the ultra fast broadband rollout following the repayment of AU$170 million by Chorus this year, the filing added.

The company said it does not expect any material change to the terms and conditions on which the securities were issued as a result of the sale process.

The company's Kiwi and Australian shares each rose 1% in recent Wednesday trade.

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