May 3, 2018 / 8:59 PM / 3 months ago

BRIEF-Spark New Zealand To Divest 50% Share Of Connect 8

May 4 (Reuters) - Spark New Zealand Ltd:

* SPARK TO DIVEST 50% SHARE OF SUBSIDIARY CONNECT 8

* SIGNED CONDITIONAL AGREEMENT TO SELL 50% OF SHARES IN ITS SUBSIDIARY CONNECT 8 TO ELECTRICITY DISTRIBUTION COMPANY ELECTRA GROUP

* TRANSACTION IS EXPECTED TO COMPLETE BEFORE END OF MAY 2018

* DEAL WILL ALSO SEE CONNECT 8 TAKE FULL OWNERSHIP OF ELECTRA SUBSIDIARY SKY COMMUNICATIONS Source text for Eikon: Further company coverage:

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