Media

Renaissance optimistic about NZME

Boutique investor Renaissance Asset Management says the bargain price it paid to increase its stake in NZME doesn't reflect the potential of its burgeoning digital classified ads business. 

Between Sept. 3 and 5, the Sydney-based investment firm bought almost 14.7 million shares for A$8.7 million, or about 59.5 Australian cents apiece, to more than double its holding to 12 perc

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