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News

FNPF buys $74m worth of govt shares in ATH

December 22, 2015 9:00 pm

The Fiji National Provident Fund has increased its shares in the Amalgamated Telecom Holdings Limited to 72.6 per cent from the initial 58.3 percent.

This after FNPF purchased $74.02 million worth of government shares in ATH yesterday.

The government divested more than half its shares in ATH at three cents less the current share price thereby reducing its shareholding from 34.6 percent to 17.3 percent.

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Due to divestment being executed via a Special Crossing, the current market price of ATH shares will remain unchanged at $1.25 per share.

Unit Trust of Fiji (Trustee Company) Limited’s shareholding increases from 2.1 percent to 4.6 per cent.

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